|Bid||0.00 x 1400|
|Ask||0.00 x 900|
|Day's Range||194.00 - 197.59|
|52 Week Range||146.89 - 207.61|
|PE Ratio (TTM)||25.21|
|Forward Dividend & Yield||4.12 (2.08%)|
|1y Target Est||N/A|
Stocks on Monday fell for a fourth straight day and will look to get a jumpstart from Home Depot and Tapestry, both reporting earnings before the market open on Tuesday.
Shares of Home Depot (HD) lost 1.1% during regular hours Monday, the last day of trading before the retailer releases its latest quarterly earnings report. Home Depot investors were hesitant amid a volatile day of trading for broader markets, but this home improvement powerhouse is certainly still one to watch tomorrow.
Citigroup Inc restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results. The changes will "harmonize" Citigroup's consumer business with operating models of units in Asia and Mexico that have produced better results, Stephen Bird, chief executive of Citigroup's global consumer banking business, said in a memo seen by Reuters. With the new structure, Jud Linville, who had been head of global cards and consumer services and a member of Citigroup's operating committee, will leave and David Chubak will become head of retail banking and consumer lending globally, overseeing products, strategies and investments.
Housing sales may have been down lately, but home-improvement companies are rocking. "Housing turnover of new and existing homes is at about 5% or 6%," Joe Feldman, an analyst at Tesley told TheStreet on Monday, Aug. 13. Shares of Home Depot, the leader in the sector, closed slightly down on Monday to $194.14.
Home Depot HD is the first of the big retailers announcing earnings this week when it reports Tuesday morning, and the company could see a larger move than normal. The options market has priced in an implied move of 4 percent for the hardware and home improvement retailer, according to Stacey Gilbert , market strategist at Susquehanna. "Comparable to the rest of what Home Depot typically moves, that's probably higher than we've seen over the last eight quarters on a close-to-close basis," Gilbert told CNBC's " Trading Nation " on Monday.
Equifax hired Jamil Farshchi in February, months after the Atlanta-based credit reporting agency announced its infamous cyber breach. He served in the same role for Home Depot after the company's major data breach in 2014.
Where we were: After being left for dead for much of 2017, the SPDR S&P Retail ETF (XRT) has easily outpaced the market year to date, and recently hit new all-time highs. Where we're headed: The sector's not without its problems, but some analysts are still optimistic about a number of retailers from dollar stores to home improvement stores, as we prepare to enter second-quarter earnings season for the group. Retail has been on fire this year, with the SPDR S&P Retail ETF (XRT) reach a new all-time high last week, and up more than 12% since the start of 2018. That's not to say that there aren't worries about the sector, which some analysts are highlighting Monday. Credit Suisse's Seth Sigman takes a look at the hardline retailers (those that sell products from appliances to electronics), writing that external cost pressures are heading higher in a hurry, and could lead to earnings revisions.
On Tuesday, Home Depot (NYSE: HD ) will report its last quarter's earnings. Here is Benzinga's take on the company's release. Earnings and Revenue Analysts covering Home Depot modeled for quarterly EPS ...
It's retail's time to shine this earnings season with industry leaders Walmart, Nordstrom and Home Depot each set to report quarterly results this week. Only one retailer looks like a win to this technician.
When HD reported first-quarter results, the company beat earnings estimates, but missed revenue estimates slightly. In Q1, HD reported a 4.2 percent increase in comp sales—sales at stores open a year or more. Two factors that HD has highlighted that have had a positive impact on average ticket growth in recent quarters are commodity price inflation and foreign exchange effects.
As you might recall, Home Depot (NYSE:HD) reported first-quarter sales in May that missed analyst expectations. Despite lukewarm revenues, investors pushed HD stock higher and is now trading about 15% higher than its April lows. Given the hot economy, anything less than a home run will result in HD stock revisiting the $170s.