206.98 0.00 (0.00%)
After hours: 4:34PM EDT
|Bid||207.06 x 800|
|Ask||207.39 x 1100|
|Day's Range||206.00 - 208.79|
|52 Week Range||158.09 - 215.43|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||20.84|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||5.44 (2.87%)|
|1y Target Est||207.03|
Yahoo Finance's Jared Blikre reports on the weekly stock winners and losers-- Home Depot, Walmart, Disney lead the way.
House flipping rates reached a nine-year high in the first quarter of the year, making up just over 7% of all homes sold nationwide, according to real estate firm Attom Data. Yahoo Finance's Seana Smith and Attom Data Solutions chief product officer Todd Teta discuss.
A commitment in late 2017 to invest over $1 billion into its supply chain network is allowing The Home Depot (NYSE: HD) to expand into same- and next-day delivery while bolstering its standing as a favored company among carriers and drivers. The winners were announced at FreightWaves' Transparency19 conference in Atlanta on May 8, 2019. The award recognizes manufacturers, distributors and retailers that do the best job of fighting driver detention, providing accessible facilities, and understanding what it takes to remove efficiencies from the supply chain.
The stock market rally is drifting. But Microsoft is in a buy zone. Fellow Dow stocks Disney and Home Depot are close. Apple has a new base. Boeing is vying for orders at the Paris Air Show.
The leader in the professional and DIY home renovation and repair supply niches, Home Depot, Inc. (HD), has long been considered a steady, reliable stock. In today’s market environment – with President Trump’s aggressive trade policy and the opposition Democratic Party’s increasingly anti-business and anti-wealth policy stance – those are the very traits that may make HD an ever more attractive stock.The share price has, long-term, reflected that reliability. In the last five years, it has showed a slow and steady increase, capped by a 12% gain in recent weeks after last month’s market sell-off. The Underlying StrengthsHome Depot is the largest home improvement retailer in the US, with over $108 billion in annual revenue (nearly 50% more than its closest rival, Lowe’s [LOW]). HD is widely recognized as a leader in the contract supply industry, and in recent months, the company has seen a steep increase in its tool rental business – a segment directly primarily at professional builders. According to company CEO Craig Menear, “We know 90% of pros rent tools, but several years ago, only about one out of 10 pros rented from us. Today, that number has improved to one out of four, yet there remains opportunity for further growth as we continue to invest in our tool rental experience.”Increase in tool rental helped push the company’s Q1 results to a 5.7% increase in net sales year-over-year (at $26.4 billion for the quarter), and 9.1% year-over-year increase in EPS (to $2.27). Net sales were in-line with expectations, while the EPS was a significant 4% beat of the forecast. A miss in same-store comparable sales was attributed to unusually wet weather nationwide during the quarter, which put a damper on construction activities.Financial blogger Luke Longo (Track Record & Ratings) finds additional reason for optimism in the current state of the employment and housing sectors. Specifically, he sees “record low unemployment, a healthy job participation rate, and decade-high wage growth” interacting with lower mortgage rates to create “support for a healthy housing market.” As long as these factors remain, he says, “Home Depot will continue to report solid numbers, and HD stock will trend higher.” Looking ForwardWhile HD’s management sees a solid foundation for the company now, they are preparing for the future. The company is confident enough to issue additional debt, locking in low rates in an effort to keep its large debt total affordable. While a somewhat risky move, it drew approval from five-star Guggenheim analyst Steven Forbes (Track Record & Ratings), who said, “HD raised $400 million more than we assumed, providing the company with greater near-term financial flexibility."Forbes went on to comment about the company’s overall state and performance potential: “With no change to our interest expense outlook, we are maintaining our 2019 EPS estimate of $10.12 while reiterating our BUY rating and $215 price target. Bottom line, we continue to envision share price outperformance as we move through 2019 driven mainly by our conviction in HD's "Core" expense (business-as-usual) leverage…” His $215 price target suggests a modest 4.5% upside to the stock.Also taking an upbeat line on HD is Stifel’s John Baugh (Track Record & Ratings). He agrees with the company on the overall business landscape, pointing out that a combination of weather and deflation artificially depressed same-store comps during Q1. For prospects going forward, Baugh says, “Management is optimistic on the macroeconomic environment and does not see any impact from SALT (state and local tax deduction changes), home price appreciation slowing, or weak housing turnover.” In other words, no matter what happens, people still need to maintain their homes. Baugh raised his price target on HD by 5%, to $210. At the time he set that target, on May 22, it indicated a potential 22% upside. The Bottom LineHome Depot offers investors a firm business model in a niche that customers will always need. The company has a growing professional customer base, and a comfortable lead over its competition. The situation is neatly summed up by another financial blogger, Matthew Cochrane (Track Record & Ratings), who writes, “When one takes a longer view, though, it becomes clear that this home-improvement retail giant is on the correct side of several trends and has made the right investments to stay on top of potential e-commerce competitive threats as well as its primary rival, Lowe's Companies.”A look at HD’s analyst consensus confirms the general view: the stock has a ‘Moderate Buy’ ratings, based on 10 buys and 4 holds assigned over the past three months. The average price target, $207, suggests a 1% upside to the current share price of $205. Given the company’s solid quarterly results, expect that upside to adjust slightly higher in coming weeks.View HD Price Target & Analyst Ratings Detail
Craig Menear became the CEO of The Home Depot, Inc. (NYSE:HD) in 2014. First, this article will compare CEO...
Key indexes closed slightly lower in the stock market today as Broadcom and other chips weighed. But the Dow Jones and S&P 500 held key support.
Market participants in search of an adrenaline rush were likely left disappointed today. The major U.S. equity benchmarks meandered for most of the day, resulting in slightly lower finishes by the time the closing bell rang.Source: Shutterstock The Nasdaq Composite was the worst offender (we'll get to that in a minute), shedding 0.52% while the S&P 500 lost 0.16%. The Dow Jones Industrial Average slipped 0.07%.The tech-heavy Nasdaq was Friday's dog among the major indexes due in large part to awful guidance from semiconductor maker Broadcom Inc. (NASDAQ:AVGO). Semiconductor stocks have been one of the epicenters of the U.S./China trade war and has been noted here, that trade war is expected to have some ill effects on second-quarter results. Broadcom proves as much.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company slashed its 2019 revenue forecast "to $22.5 billion, from $24.5 billion and lowered its outlook for capital spending to $500 million, from $550 million," according to Barron's.Shares of Broadcom slumped 5.6% today, spurring a slew of negative action by sell-side analysts. Intel (NASDAQ:INTC) is the only semiconductor maker in the Dow Jones, and its shares slid 1.1% Friday in response to the weakness in Broadcom. The Dow Jones Industrial Average is home to six technology stocks. Just two closed higher today. Slim Pickings Among WinnersThe Home Depot (NYSE:HD) was the biggest winner in the Dow today, gaining 1.7% to push its month-to-date gain to over 7%. The consumer cyclical name has been moving higher on light news this month, but there are some data points that portend some strength in the consumer, the driving force of the U.S. economy. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 "The latest data on retail sales from the Census Bureau, released on Friday, suggests that spending is now rising to match incomes," according to Barron's. "Average spending at stores, bars, and restaurants, excluding gasoline stations, was up 1.2% in April and May, compared with February and March on a seasonally adjusted basis."Walmart (NYSE:WMT) said it is laying off around 600 workers in Charlotte as part of an outsourcing program. The company is the largest U.S. retailer and biggest non-government employer in the U.S. It is doubtful that a headcount reduction of 600 was behind today's gain of 0.4% for the stock. Shares of Walmart are up about 9% this month, serving as another example of investors' preference for defensive names. The stock hit a 52-week high today.United Technologies (NYSE:UTX), the defense giant that has been making regular appearances in this space in recent days, traded slightly higher today after an analyst said the stock's drubbing in the wake of its controversial deal with Raytheon (NYSE:RTN) is a case of too much, too fast.Today, Vertical Research analyst Jeffrey Sprague upgraded United Technologies to "buy" from "hold" while lifting his price target on the stock to $145 from $140.Goldman Sachs Group (NYSE:GS), the largest U.S. investment stock and the biggest financial stock in the Dow, rose 0.19%.The stock "is currently trading at around tangible book value, and it has over 30% upside to our fair value estimate," said Morningstar. Bottom Line on the Dow Jones TodayInvestors should expect to see more diverging data points and opinions over the near term. For example, the Federal Reserve said in a report out Friday that industrial production rose 0.4% last month. However, the University of Michigan consumer sentiment reading for June dropped to 97.9 this month from 100 in May. That was due in large part to tariff concerns.With second-quarter earnings season fast approaching, investors may want to consider looking for sector-level opportunities."At the sector level, analysts are most optimistic on the Energy (64%), Health Care (60%), and Communication Services (60%) sectors, as these three sectors have the highest percentages of Buy ratings," according to FactSet.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Dow Jones Today: Stocks Have a No-Fun Friday appeared first on InvestorPlace.
The sell-off in chipmaking titan Broadcom threw a wet blanket on the new market rally. The Nasdaq and small caps led the drop. This Dow Jones stock rose.
Jim Cramer said on CNBC's "Mad Money Lightning Round" that Mercer International Inc. (NASDAQ: MERC ) is a tough business. He doesn't want to buy the stock. Cramer thinks Lumentum Holdings Inc ...
The Cristo Rey Atlanta Jesuit High School has announced that its founding president will be stepping down on July 1, 2020.
San Francisco-based Farallon Capital Management LLC acquired the property in a joint venture with Crocker Partners, Investcorp was the seller
The Consumer Discretionary Select Sector SPDR (NYSEARCA:XLY), the largest exchange-traded fund dedicated to the consumer discretionary sector, was up nearly 18% year-to-date at the start of June 11, putting it nearly 240 basis points ahead of the S&P 500.Consumer discretionary is the fourth-largest sector weight in the S&P 500. The primary reason why traditional, cap-weighted consumer cyclical ETFs like XLY are thriving this year is Amazon (NASDAQ:AMZN). That stock is up almost 24% year-to-date and is carrying many consumer cyclical funds because it is by far the largest holding in those ETFs.For example, XLY allocates 24.57% of its weight to shares of Amazon, more than double the weight assigned to the fund's second-largest component.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSure, some of the best ETFs in the consumer cyclical space have large weights to Amazon. That is to be expected. On the other hand, some of the best ETFs offering exposure to this sector have surprisingly small weights to Amazon, offering investors unique and potentially rewarding approaches to consumer-related stocks. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Here are some of the best ETFs for exposure to the consumer discretionary to consider over the next few months. Fidelity MSCI Consumer Discretionary ETF (FDIS)Expense Ratio: 0.084%, or $8.40 annually per $10,000 investedThe Fidelity MSCI Consumer Discretionary ETF (NYSEARCA:FDIS) is the least expensive consumer discretionary fund on the market today. Adding to the case for this being one of the best ETFs for investors to consider in this sector is that Fidelity clients can trade FDIS commission-free, which adds to their cost savings.Like the aforementioned XLY, FDIS is a cap-weighted fund, so it has a massive weight to Amazon, 25.48% to be precise. FDIS is also home to Home Depot (NYSE:HD), McDonald's (NYSE:MDC), Nike (NYSE:NKE) and Disney (NYSE:DIS) -- four of the Dow Jones stocks that are up at least 10% this year.Investors considering FDIS right now should be advised that the consumer discretionary sector has a tendency to struggle in the summer months, but long-term investors that can catch a pullback in FDIS could be rewarded because consumer cyclical stocks usually bounce back in the latter stages of the third quarter and soar in the last three months of the year. Amplify International Online Retail ETF (XBUY)Expense Ratio: 0.69%The Amplify Online International Retail ETF (NYSEARCA:XBUY) debuted earlier this year as the international counterpart to the popular Amplify Online Retail ETF (NASDAQ:IBUY). Online retail and e-commerce are themes dominated by Amazon in the U.S., but these themes are global, making XBUY one of the best ETFs to consider in this space.XBUY holds 46 stocks and tracks the EQM International Ecommerce Index. That benchmark "seeks to measure the performance of equity securities issued by non-U.S. companies that derive at least 90% of their revenue from online business transactions or e-commerce platforms," according to Amplify.XBUY's holdings include traditional retailers, online travel providers and marketplace companies, such as Shopify (NYSE:SHOP). XBUY is one of the best ETFs for tactical investors seeking ex-U.S. exposure because online shopping has significant tailwinds. * 7 U.S. Stocks to Buy With Limited Trade War Exposure "Ecommerce represented a growing share of the retail market in 2018, taking a 14.3% share of total retail sales last year, up from 12.9% in 2017 and 11.6% in 2016," notes Digital Commerce 360. "More significant is that ecommerce sales represented more than half, or 51.9%, of all retail sales growth. This is the largest share of growth for purchases made online since 2008, when ecommerce accounted for 63.8% of all sales growth." ProShares Online Retail ETF (ONLN)Expense Ratio: 0.58%The ProShares Online Retail ETF (NYSEARCA:ONLN) is one of the best ETFs for investors looking for umbrella exposure to the biggest names in online retail. Case and point: ONLN allocates over 40% of its combined weight to Amazon and Alibaba (NYSE:BABA). ONLN is just 11 months old, but the fund is already displaying the potency of dedicated online retail investments as it is up nearly 23% year-to-date.While ONLN is essentially a bet on two stocks due to the largest weights assigned to Amazon and Alibaba, there is no denying the favorable fundamental data that underpins this fund, making it one of the best ETFs in this market niche."With nearly all of the constituents of the ProShares Online Retail index reporting, sales growth came in at nearly 20% and earnings growth came in at nearly 55%," according to ProShares.As ONLN's performance indicates, investors should embrace purity when it comes to online retailers."Some retail observers note the increased online presence of legacy bricks-and-mortar retailers as evidence that the online/brick and mortar bifurcation of the retail universe is becoming less relevant. However, this ignores the evidence that expanding the online businesses of legacy bricks-and-mortar players isn't benefiting their bottom lines. In the first quarter, Walmart's online sales grew 37%; however, Walmart's first quarter earnings shrank nearly 1%," according to ProShares.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 3 Consumer Discretionary ETFs That Could Heat Up This Summer appeared first on InvestorPlace.
(Bloomberg Opinion) -- Nelson Peltz’s latest investment target is a big, slow-moving target with a massive bullseye on its back. The renowned U.S. activist has zoned in on Ferguson Plc, a plumbers’ merchant formerly known as Wolseley. His gripe is that the company trades at a stubborn discount to American peers. The snag is that remedies aren’t easy to administer.Ferguson is among the handful of U.K.-domiciled, London-listed blue-chips that aren’t really British companies. Some – such as BTG Plc or Firstgroup Plc – have already attracted takeover or activist interest. North America generates 87% of Ferguson’s revenue; the company recently changed its name to that of its U.S. subsidiary; it reports in dollars.The one un-American characteristic is the valuation. Ferguson has traded at a consistent discount to U.S. peers such as Home Depot Inc. and Lowe’s Cos Inc. The obvious explanation is that the company is listed on the wrong exchange, which makes it harder to attract its natural investor base. But that’s not the only interpretation. The valuation may also reflect a lack of faith in Ferguson’s strategy or management, or some challenges unique to its business. Either way, the discount slightly narrowed on Thursday after the disclosure that various Peltz funds had amassed a 6% stake. This pushed the stock up 6%, valuing the group at 13 billion pounds ($16 billion).It is hard to know whether Ferguson would get a higher valuation if it just moved its listing. Markets may not be 100% efficient, but capital is global and location can’t be the only explanation for the lack of investor love here. True, some funds are restricted geographically in where they can put money but that’s unlikely to be a huge factor in holding back demand for Ferguson shares.Such restrictions on funds might, though, be an obstacle to engineering a move for Ferguson. Unilever Plc’s plan to simplify its Anglo-Dutch structure into a single Netherlands company would have seen it lose its spot on the FTSE 100. That irked index investors and those with mandates to hold U.K. stocks who would have been forced to sell their shares. The plan foundered.Unilever wasn’t a one-off. Re-domiciling headquarters or listings has long been controversial. The textbook case is the thwarted migration of car parts maker LucasVarity back in the late 1990s from the U.K. to the U.S. For these changes, existing investors generally demand a premium. The cleanest way to achieve a move is to take the company private, then relist it.More pertinent are worries about the company’s resilience in the face of a U.S. slowdown. U.S. organic growth is slowing from a recent high single-digit percentage clip, while margins have barely improved since 2015, UBS analysts point out. The share price seems to be assuming that Ferguson’s long-run sustainable operating margin is just 5%, according to independent research provider Willis Welby, which argues that this is overly pessimistic.Peltz’s pitch is that he likes to engage with the management of his portfolio companies. Ferguson has responded diplomatically that it looks forward to dialogue, as it does with all shareholders. The mere presence of such a big name has got people excited. The tougher job will be convincing investors that the company’s equity story – twinning organic growth with a strategy of acquiring competitors – is still a winner. That case has yet to be made.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Trian, the hedge fund run by veteran activist investor Nelson Peltz, has taken a 6 per cent stake in Ferguson, indicating it would attempt to drive up returns at the FTSE 100 plumbing and heating equipment supplier. Shares in Ferguson jumped as much as 11 per cent on Thursday before closing up 6 per cent at £56.30, their highest level since last October, giving the company a market capitalisation of around £13bn.
Josef Martinez rode Atlanta United FC's title-winning 2018 to a big payday — but he's still not the king of MLS salaries.
The home-improvement retailer's quarter was far from perfect, but there is still reason for investors to consider it for their portfolios.
The bulls have had their fun, pushing the major averages relentlessly higher over the month to date, fueled by a "new" agreement on border security with Mexico (which removed the threat of fresh tariffs) as well as a sudden dovish turn by the Federal Reserve (keeping cheap money hopes alive).But for the second day running, the bears are pulling stocks back from their intra-day high -- a sign that higher prices are bringing supply in instead of encouraging more buying. A pullback seems likely now just as the Dow Jones Industrial Average crossed back up and over its 50-day moving average. A bit of a shame, that. * 7 Dark Horse Stocks Winning the Race in 2019 Already, several key Dow components are rolling over and going limp. Here are four stocks to sell now:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (BA) Click to EnlargeThere remains no end to Boeing's (NYSE:BA) malaise, with the 737 MAX fleet still grounded, questions growing about the pace of the 737 production line in light of this, and the ongoing threat of fallout from the U.S.-China trade spat. Shares of this stock to sell have bonked on overhead resistance from the 200-day moving average, setting up a retest of critical support near the $340-a-share level.The company will next report results on July 24 before the bell. Analysts are looking for earnings of $1.89 per share on revenues of $19.9 billion. When the company last reported on April 24, earnings of $3.16 missed estimates by three cents on a 2% decline in revenues. Disney (DIS) Click to EnlargeDespite the heralded opening of Disney's (NYSE:DIS) Galaxy's Edge at the Disneyland theme park this month, and an upcoming Star Wars movie, Disney shares are rolling over after hitting resistance from their late April highs. Watch for a move to fill the gapped jump seen in April, setting up a test of the 200-day moving average near $117 -- which would be worth a decline of nearly 15% from here. * 4 Technology Stocks Blasting Higher The company will next report results on August 6 after the close. Analysts are looking for earnings of $1.78 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 beat estimates by four cents on a 2.6% rise in revenues. Home Depot (HD) Click to EnlargeNext on our list of stocks to sell, shares of Home Depot (NYSE:HD) have formed a "bearish engulfing" candlestick pattern today, rising to a new rally high above the $200-a-share level and to trade below the prior day's range. This is an extremely negative sign, and sets the stage at the very least for a test of the 200-day moving average.The company will next report results on August 20 before the bell. Analysts are looking for earnings of $3.09 per share on revenues of $31 billion. When the company last reported on May 21, earnings of $2.27 beat estimates by eight cents on a 5.7% rise in revenues. United Technologies (UTX) Click to EnlargeLast on our list of stocks to sell, United Technologies (NYSE:UTX), which has ties to the aviation sector as well as manufacturing activity, has sliced like a hot knife through butter through its 200-day moving average. This returns shares to levels not seen since early March and puts an end to a five month head-and-shoulders reversal pattern that traces a price target near $109 -- which would be worth a decline of 11% from here. * 7 Stocks to Buy As They Hit 52-Week Lows The company will next report results on July 23 before the bell. Analysts are looking for earnings of $2.04 per share on revenues of $19.4 billion. When the company last reported on April 23, earnings of $1.91 beat estimates by 19 cents on a 20.5% rise in revenues.As of this writing, the author held no positions in the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post 4 Dow Jones Industrial Average Stocks to Sell Now Â appeared first on InvestorPlace.