|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||39.20 - 39.58|
|52 Week Range||37.17 - 47.20|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
What Can We Expect from Lowe’s Q2 2018 Earnings? Lowe’s Companies (LOW) is scheduled to announce its earnings for the second quarter of 2019 earnings before the market opens on August 22. As of August 16, Lowe’s was trading at $97.68, which represents a rise of 13.9% since the announcement of its first-quarter earnings on May 23.
Home Depot (HD) posted its second-quarter earnings before the market opened on August 14. The company posted adjusted EPS of $3.05 on revenues of $30.46 billion. Home Depot’s EPS increased 35.6% YoY (year-over-year), and its revenues rose 8.4% YoY.
A closely-watched tracker of home builder confidence stumbled again as higher materials prices hurt contractors’ bottom lines, according to the National Association of Home Builders.
Three of the biggest homebuilder ETFs have been feeling the pangs of the current economic landscape of rising rates, such as iShares US Home Construction ETF (ITB) --down 12.53% year-to-date, SPDR S&P Homebuilders ETF (XHB) --down 10.26% YTD and Invesco Dynamic Building & Const ETF (PKB) --down 11.90 YTD%. Despite this, all is not lost according to Robert Dietz, a chief economist and senior vice president for Economics and Housing Policy at the National Association of Home Builders. "Rising interest rates are a concern in the housing sector," Dietz said in a blog.
Home Depot (HD) is scheduled to post its second-quarter earnings before the market opens on August 14. In the first quarter, Home Depot posted adjusted EPS of $2.08, outperforming analysts’ expectations of $2.05. Also, the measures that the company’s management adopted such as the enhancement of the customer experience through the implementation of technological advancements and investing in its supply-chain to speed up its delivery service have also contributed to raising the company’s stock price.
Poof! David Copperfield, meet Mark Zuckerberg. Instead of making a jetliner disappear on a Las Vegas stage, the chief executive of Facebook made $119 billion evaporate from the social-media giant’s stock-market value on Thursday after uttering some less-than-encouraging words about future growth and expenses.
Disappointing housing data is plaguing homebuilders stocks and the related exchange traded funds, including the SPDR S&P Homebuilders ETF (NYSEArca: XHB). The housing market took a blow today as the Department ...
The housing market took a blow today as the Department of Commerce reported that U.S. homebuilding fell to a nine-month low in June while building permits declined for a third straight month. In addition, ...
Shares of KB Home (kbh) rallied 3.3% toward a three-month high in premarket trade Tuesday, after Susquehanna turned bullish on the home builder, citing strong housing trends in most of the markets KB Home operates. Analyst Jack Micenko raised his rating to positive, after being at neutral for at least the past three years, and raised his stock price target to $36 from $34. "We believe there is not doubt that rising rates will ultimately pressure affordability broadly, but we think it will be at much higher levels--our work suggests 6% mortgage rates," Micenko wrote.
According to the Census Bureau’s website, it takes six months to establish a trend in new home (DHI) sales, and there was no change in the new home sales (ITB) trend, according to the June report. The Census Bureau reported that the median sales price for new homes sold in May was $313,000 as compared to $312,000 in April, and the average home price in May was $368,500 as compared to $407,300 in April.
The changes to the number of building permits issued every month give investors an idea about the trends in the housing (REM) sector. The number of building permits issued every month also acts as a forward indicator for the economy because an increase in the number of building permits in any given month is a signal for increased activity in the housing sector (DHI) in the future, as construction (ITB) activity begins after a few months of issuing the permit. As per the June report, housing units (XHB) authorized by building permits were at a seasonally adjusted rate of 1.30 million, a decline of 4.6% from the revised April reading of 1.36 million units.
The US Fed has clearly communicated its intentions to continue the rate hike path at the June monetary policy meeting, as the US economy continued to expand. The US Fed hiked interest rates by 25 basis points at that meeting and left the doors open for two more hikes in 2018. Rising interest rates increase the cost of owning a home for prospective buyers, but the impact hasn’t yet been felt by the housing (XHB) markets, as the recent economic data continues to paint a rosy picture for the housing sector.
The numbers: New-home sales ran at a seasonally adjusted annual 689,000 rate in May. What happened: Sales of newly-constructed homes were 6.7% higher than a downwardly-revised April pace, and 14.1% higher than a year ago, the Commerce Department said Monday. The median sales price in May was $313,000, 3.3% lower than a year ago.
The Conference Board uses the number of building permits issued as one of the constituents of its LEI (Leading Economic Index) model. The reason for using building permits as a forward indicator is the time gap between the issuance of the permit and the start of construction (PKB) activity. An increasing number of permits is a strong signal for future activity in the housing sector, which has a positive impact on the economy.
The Conference Board Leading Economic Index (or LEI) is a monthly economic series that helps track any changes to the US business cycle. The Conference Board is an independent business membership and research institute that prepares these reports for different economies. In this series, we’ll analyze the changes to the LEI and assess whether the economic model is signaling any changes to the US business cycle.
The numbers: Housing starts ran at a seasonally adjusted annual 1.35 million annual rate in May, the Commerce Department said Tuesday. The reading edged past the forecast among economists surveyed by MarketWatch, for a 1.3 million pace. What happened: Builders broke ground on more homes in May, a good signal about the health of the economy and the housing market.
To receive further updates on this SPDR S&P Homebuilders ETF (NYSEARCA:XHB) trade, sign up for a risk-free trial of Maximum Options today. This year’s tax-cuts have been acting like a quantitative easing program for the market, and it is now estimated that tax refunds for next year will be 26% higher than they were this year. One thing I’ve noticed is that the retail sector has been really positive.
The United States Census Bureau releases a monthly report on retail sales in the United States. As per the notes on the bureau’s website, it conducts an advance monthly survey of retail trade and food services companies. According to the latest report, which was released on June 14, advance estimates of US retail (XRT) and food services sales for May were $502.0 billion, an increase of 0.8% from the revised April reading of $497.9 billion.
The decision on Wednesday by the Federal Reserve to raise interest rates 25 basis points, effectively raising the federal funds rate from 1.75% to 2%, did not bode well for homebuilder ETFs after the news. ...
The latest US employment report indicated that the unemployment rate in the US has declined to an 18-year low of 3.8%. Another fall of a basis point is expected to take the unemployment level to a level not seen since 1960. The Federal Reserve has the mandate to maintain maximum employment.
Housing affordability has dropped this quarter to the lowest since late 2008. The median price of existing homes rose to a record $264,800 in May according to the National Association of Realtors. Prices have risen 71% from their low in January 2012. Has the American Dream changed? Yahoo Finance's Seana Smith, Dion Rabouin, Dan Roberts, and Ethan Wolff-Mann discuss.