95.38 +0.33 (0.35%)
After hours: 7:54PM EDT
|Bid||95.20 x 800|
|Ask||95.51 x 900|
|Day's Range||94.65 - 96.03|
|52 Week Range||84.75 - 118.23|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||32.31|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||2.20 (2.34%)|
|1y Target Est||113.97|
Home improvement retailers are on deck to report second-quarter results and a combination of macro data and first-hand checks suggest Lowe's Companies, Inc. (NYSE: LOW ) is better positioned compared to ...
An expanded sponsorship of the Carolina Panthers by Mooresville-based home improvement retailer Lowe’s Cos. Inc. will include adding team merchandise to company stores and working with players on community projects this season and beyond.
Lowe's (LOW) customer-centric approach, robust marketing and merchandising efforts bode well. However, the company is witnessing cost pressures, which are likely to impact second-quarter results.
MOORESVILLE, N.C., Aug. 19, 2019 /PRNewswire/ -- Lowe's Companies, Inc. (LOW) announced today that it will carry more than 10,000 licensed NFL-branded merchandise items on Lowes.com/NFL and will launch an online video "homegating" series that will inspire fans as they prepare for the NFL season. "We are proud to offer NFL fans across the United States products that will take their tailgates and homegates to the next level," said Bill Boltz, executive vice president, merchandising. Select Lowe's stores across the country will dedicate space to select NFL and team merchandise, grills, patio furniture and décor.
MOORESVILLE, N.C. , Aug. 16, 2019 /PRNewswire/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of fifty-five cents ($0.55) per share, payable November ...
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.The earnings calendar turns to retail next week. And that might not be a good thing for the sector.To be sure, Walmart (NYSE:WMT) did post a strong Q2 report on Thursday, with raised full-year guidance leading WMT stock to rally 6%. But that followed a disastrous report from Macy's (NYSE:M), which cut its outlook and saw its stock plunge to a post-financial crisis low.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat split isn't a surprise to anyone who has followed the retail industry in recent years. Those companies with the scale to manage through a quickly changing environment have been able to at least survive, if not thrive. (Walmart stock, for instance, has roughly doubled from late 2015 lows.) Smaller operators, with few exceptions, have taken a beating. * 10 Best Stocks to Buy and Hold Forever Earnings reports next week seem unlikely to change that trend. But specialty retailers like Gap (NYSE:GPS) and department store operators Kohl's (NYSE:KSS) and Nordstrom (NYSE:JWN) will do their best to fight the tide. Meanwhile, three more leaders in the sector will try and keep pace, while a struggling tech giant attempts a turnaround of its own. Broad markets will struggle with their own external challenges, but retailers, in particular, have a big week ahead. Home Depot (HD)Source: Shutterstock Earnings Report Date: Tuesday, Aug. 20, before market openFiscal second-quarter earnings from Home Depot (NYSE:HD) will be closely watched. After all, Home Depot sits at the intersection of several of the fears rattling the market right now. Investors are worried that a recession is coming: Any weakness in consumer demand could be reflected in Home Depot sales.Increased -- and then delayed -- tariffs have amplified those cyclical concerns. Home Depot said after Q1 that it was working to mitigate the impact of those duties, but still forecast a potential impact of $1 billion annually.HD stock already has pulled back about 8% amid those worries. Any weakness in Tuesday morning's report could add to the declines.Meanwhile, rival Lowe's Companies (NYSE:LOW) follows on Wednesday. If both reports disappoint, that would be a signal that even two of the country's strongest retailers aren't immune to external factors. And that would be a big problem for the rest of retail, and maybe even the rest of the market. Target (TGT)Source: Mike Mozart via Flickr (Modified)Earnings Report Date: Wednesday, Aug. 21, before market openFor Target (NYSE:TGT), Wednesday morning's report will help answer which side of the retail divide the company sits. Is Target a real competitor to the likes of Walmart and Amazon (NASDAQ:AMZN)? Or is it not quite large enough, or strong enough, to completely determine its own destiny?Trading in TGT stock over the past few quarters shows that investors haven't quite figured out which side to take. Target stock touched $90 less than a year ago and was at $60 three months later. A 25% rally so far this year shows some confidence, while an ~8% drop in recent weeks (not coincidentally similar to that of HD stock) reflects the rising external risks.And so this seems like an important, and maybe even crucial, earnings report for Target. Walmart's blowout quarter sets the bar high. Target has tariff and macro issues of its own. The stock is cheap enough that it can rise if margins keep expanding. But it's expensive enough that it can fall if they don't. * 10 Cheap Dividend Stocks to Load Up On In short, the question is whether Target is a retail leader? Wednesday's report will help answer that question. VMWare (VMW)Source: Sundry Photography / Shutterstock.com Earnings Report Date: Thursday, Aug. 22, after market closeKey earnings reports next week go beyond the retail space. Software developer VMWare (NYSE:VMW) has an important report on Thursday afternoon. And it won't just impact VMW stock.VMWare earnings will move shares of Dell Technologies (NASDAQ:DELL) whose majority stake in VMWare is worth more than its current market capitalization. (Dell has earnings of its own, but VMWare numbers will be the big mover.) Meanwhile, the company's reported interest in Pivotal Software (NYSE:PVTL) could be a topic of conversation on the post-earnings conference call.But the Pivotal deal and Dell's potential plans for its VMW stake are just noise. VMWare simply has to stem the bleeding. The stock has dropped by 30% just since May. Here, too, cyclical fears are a factor, but soft fiscal first-quarter earnings in late May didn't help the cause. At 20x forward earnings, VMWare stock can rally if the company can deliver. At the moment, however, that seems like a big if.As of this writing, Vince Martin is long shares of Gap, Dell and is short call options in VMWare. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Australia’s labor market surged in July, adding almost three times the forecast number of jobs, while unemployment remained stuck at 5.2% as the workforce swelled to a fresh record.The economy added 41,100 roles from the previous month, with more than three-quarters of them full-time, the statistics bureau said in Sydney Thursday. Economists had forecast a gain of just 14,000. The participation rate, which wasn’t expected to move, slightly rose to a new high of 66.1%.“The rebound in employment growth likely reflects the rebound in hiring intentions after the federal election, which temporarily disrupted firms’ hiring plans,” said Sarah Hunter, head of macroeconomics at BIS Oxford Economics in Sydney. “It also highlights that the amount of spare capacity in the market is much larger than previously thought.”Australia’s center-right government was re-elected in a surprise result in May and last month was probably the earliest the labor market could reflect the outcome. It put an end to opposition plans to scrap housing tax breaks and lift the burden on high income earners. Similarly, the Reserve Bank had cut rates in June and did so again in July, which might also have lifted confidence.The Aussie dollar rose on the data, buying 67.81 U.S. cents at 3:59 p.m. in Sydney from 67.58 prior to the report’s release.Lowe’s DilemmaFor RBA chief Philip Lowe, the jobs result prolongs his conundrum. The strength of hiring and swelling participation speak to a healthy labor market, yet the constant increase in job seekers pushes his goal of lowering unemployment ever further away. He estimates the jobless rate needs to come down to near 4.5% to reignite inflation.“Normally the employment growth we have experienced over the past two years would have led to a sizable decline in the unemployment rate. These are not normal times,” said Callam Pickering, an economist at global jobs website Indeed, who previously worked at the central bank. “High population growth and rising participation has instead put upward pressure on measures of unemployment.”That’s underscored by the underemployment and underutilization rates both increasing 0.2 percentage point to 8.4% and 13.6% respectively, suggesting stronger wage growth remains a fair way off.What Bloomberg’s Economists Say“The lack of headway keeps expectations alive for further rate cuts. Still, we don’t expect any more easing this year from the RBA, as the weaker Australian dollar should help to support exports and fiscal stimulus is in the pipeline.”\-- Tamara Mast Henderson, EconomistClick here for the whole reportAustralia’s job gains were led by Queensland, New South Wales and Victoria, the east coast states that have benefited most from the RBA’s record-low cash rate that helped drive a wave of apartment construction in recent years.The nation’s labor market has held up surprisingly well even as the economy slowed sharply since mid-2018. One explanation is that much of the hiring is government-related and impervious to prevailing economic conditions.The RBA’s lowering of the full-employment estimate follows in the footsteps of other developed-world counterparts, who’ve had to wait for their jobless rates to fall to exceptionally low levels to spur wage growth. Markets are predicting the RBA will have to ease further from the current 1% cash rate to keep pushing down unemployment and keep up with a wave of global easing.To contact the reporter on this story: Michael Heath in Sydney at firstname.lastname@example.orgTo contact the editors responsible for this story: Nasreen Seria at email@example.com, Chris Bourke, Victoria BatchelorFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
This morning the equity markets are falling on the headline that the yield curve has inverted but that doesn't mean there aren't great stocks to buy. It is nice to know that a stock like Home Depot (NYSE:HD) only has one real competitor in the U.S., which is Lowe's (NYSE:LOW). And it's even better to know that HD stock is 30% cheaper than LOW.Source: Shutterstock And what is even more awesome than that is that HD is also performing five times better year-to-date than LOW.So if the overall equity thesis is still bullish, and stocks will be higher in the future than now, then the Home Depot stock is a buy. This is especially true if investors have a time frame longer than a few ticks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere is a temporary hitch in the logic now because Home Depot's earnings report is approaching. Such events are binary in nature. That means the short-term reaction in HD will solely depend on trader sentiment, not the facts themselves.In other words, even if Home Depot management delivers a home run earnings report, we don't know if the traders will accept it as positive. It is impossible to forecast the direction of the stock into its following open. That is why we do homework and decide on the viability of holding a stock like HD for at least the mid-term.Additionally, the fundamentals and the technicals also suggest that the upside scenario in HD stock is still more likely than the disaster scenario. * 15 Growth Stocks to Buy for the Long Haul For about 18 months, Home Depot stock has been fighting over a neckline around $205 per share. Last year, the September rally failed as the whole market crashed into Christmas.But since then, HD fans rallied the stock back up to the same neckline and beat it. They have clearly established higher-lows in HD stock attacking a long-term standing neckline. More often than not, these end in a breakout more unless management errs in a big way. Home Depot Stock Has a Big Rally Setup Looming AboveSince July, HD stock set a double top near $220 per share. But unlike most traders, I don't consider those as omens to absolute tops. As long as HD is setting higher lows, $220 then becomes a clear target to beat. And if that happens, more momentum sellers will jump into the rally and HD stock will spike at least $10 from there.For the last two years, the weekly Home Depot chart shows the stock is consolidating inside a wide range. This usually sets of a solid floor underneath, so in this case the bulls will have support to embark on their next upside scenario.Moreover, Home Depot stock is not expensive as it sells at price-to-earnings ratio of 21. This is much cheaper than LOW's and in line with most companies with similar growth. So owning the stock for the long-term, even at these levels, is not likely to be a financial disaster.Can the price go down? Sure, but as part of normal price action. The only reason Home Depot would fail completely is a story line that doesn't yet exist.The Federal Reserve is committed to keeping long-term rates low. This will encourage people to spend money on their homes. It also entices businesses to build and expand. A lot of this money will end up in Home Depot stores.Given the current geopolitical economic environment, and since all central banks are also committed to global expansion, shorting Home Depot fundamentally is wrong.We are still in headline mode where fundamentals fall hostage to tweets and state media releases. So clearly for the short-term we do have bumps in the road. The economic battle with China stalled and is a source of angst for Wall Street. * 7 Stocks the Insiders Are Buying on Sale But nothing has changed in the last year. Both countries still need to come to a truce and will eventually get to it. It is just a matter of time before investors can stop selling on knee-jerk reactions for extraneous reasons.Meanwhile, companies like Home Depot are still delivering great reports so there are no wheels falling off the hinges here. This is not last December and definitely not 1999. I consider this to be a fundamental trade with a relaxed stop below.Of course, I never risk more than I can afford to lose and most importantly, I don't enter an entire position all at once. This leaves room to adjust size in order to manage the trade.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Home Depot Stock Will Reach $230 Sooner Than You Think appeared first on InvestorPlace.
Lowe's (LOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MOORESVILLE, N.C. , Aug. 14, 2019 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) second quarter 2019 earnings press release, you are invited to listen to its conference call ...
Among the annual stockholder meeting tasks: Vote on the 12 nominees for FedEx's board of directors.
A jumbo Lowe's logo went up on the east side of the Panthers' NFL stadium on Friday, the first sign of the home improvement company's expanded partnership with the team.
[Editor's note: "9 Super-Safe-Growth Stocks for Long-Lasting Dividends" was previously published in June 2019. It has since been updated to include the most relevant information available.]When the stock market marches higher, it pushes the prices of many companies higher along with it. But as investors bid up good and bad businesses alike, that can make it hard to discern which companies are the best dividend stocks for long-term investors.In this income-centric world, income-starved investors face great temptation to reach for high-dividend stocks that offer juicy yields. Fortunately, Simply Safe Dividends identified the nine best dividend growth stocks that investors can rely on for secure, fast-growing income.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese companies all have very healthy Dividend Safety Scores, which measure a firm's most important financial metrics to gauge how likely it is to cut its dividend in the future. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Let's take a look at nine of the safest dividend stocks in the market. These dividend-paying companies generate excellent free cash flow, maintain safe payout ratios, are committed to rewarding shareholders with healthy dividend increases and have bright long-term outlooks. Lowe's Companies (LOW)Dividend Yield: 2.2% 5-Year Annual Dividend Growth Rate: 21.7% Year-to-Date Gain: 8.8%Lowe's Companies (NYSE:LOW) is the world's second-largest home improvement retailer. Source: Mike Mozart via Flickr (modified)With more than 65 years of operations, this dividend stock has gained recognition as one of the trusted national brands. Over the years, Lowe's has developed an extensive line of thousands of products for maintenance, repair, remodeling and decorating across lumber and building materials, tools and hardware, lawn and garden, paint, kitchens, outdoor power equipment and home fashion categories.The company serves a wide spectrum of "do-it-yourself" and "do-it-for-me" customers, including homeowners, renters and professional contractors from different construction trades.A large footprint of conveniently located stores across the U.S., an extensive range of products, a well-known brand and a diversified customer base are Lowe's key competitive advantages.The home improvement industry is also poised to grow as consumer confidence remains high, employment continues rising and home prices climb higher. This should lead to better growth prospects for the company and its dividend.Lowe's has an impeccable record of not only paying but also increasing its dividend since 1961, growing it by over 20% annually in the last five years. Lowe's price-earnings (P/E) ratio of 34.6 seems reasonable for a company of this quality. Honeywell International (HON)Dividend Yield: 1.96% 5-Year Annual Dividend Growth Rate: 13.0% YTD Gain: 26.4%Honeywell International (NYSE:HON) is a diversified global technology and manufacturing company supplying industrial products, software and services to a diversified set of customers. Source: Becky Wetherington via Flickr (modified) Honeywell operates through four segments: aerospace; home and building technologies; performance materials and technologies and safety and productivity solutions. The company serves customers through a wide variety of products and services in aerospace, control, sensing and security. It also sells specialty chemicals and advanced materials as well as energy efficiency products.Simply put, Honeywell has invented key technologies that address some of the world's most critical challenges around energy, safety, security, productivity and urbanization. With a broad portfolio of physical products and software, the company has uniquely positioned itself to sell comprehensive solutions for homes and businesses across many industries.A broad portfolio of technology, extensive products and services, a global distribution network, and a presence in growing areas like the Internet of Things and energy efficiency are Honeywell's key strengths. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What A track record of strong financial performance and a healthy payout ratio have enabled the company to grow its dividend by 13% per year over the last five years. Honeywell has paid uninterrupted dividends for more than two decades.Source: Shutterstock Apple (AAPL)Dividend Yield: 1.5% 3-Year Annual Dividend Growth Rate: 10.50% YTD Gain: 28.5%Apple (NASDAQ:AAPL) is one of the world's most valuable companies and one of the largest positions in Warren Buffett's dividend stock portfolio.Apple is the world's second-largest smartphone company, accounting for more than 10% of the global market share. The iPhone, iPad, Mac, Apple Watch and Apple TV are Apple's key products, with the iPhone representing over the majority of its 2018 sales. These products are globally recognized for their high quality, premium brand and ease-of-use, allowing Apple to enjoy substantial pricing power.In addition, the company also owns a portfolio of consumer and professional software such as iOS, macOS, watchOS and tvOS operating systems that act as key differentiators. Apple's products and solutions are known for their innovative design, user-friendly experience and seamless integration. All these innovative products have established Apple's supremacy in the mobile space, and the company invests around 5% of its revenues on R&D activities to stay ahead of competitors.Moreover, only Apple devices run iOS, which means that if customers want to remain within the Apple ecosystem, they must continue buying iOS devices. This results in sticky customer relationships. Its sales of games, music and other digital content through the iTunes store is another high-margin cash flow stream that keeps growing every year.A leading brand name, global geographical presence, impressive product portfolio and super-sticky customer relationships have helped form a huge moat around Apple's business.Apple started paying dividends again in 2012 and it has seen its payout grow by approximately 11% annually over the last three years.Given Apple's leading market share, loyal customers, innovative products and hoard of cash on the balance sheet, the company should continue raising its dividend at a strong pace in the future as well. Medtronic (MDT)Dividend Yield: 2.1% 5-Year Annual Dividend Growth Rate: 8.7% YTD Gain: 12.5%Medtronic (NYSE:MDT) is a leading medical technology, services and solutions company serving hospitals, physicians, clinicians and patients worldwide. It owns a portfolio of medical products, therapies and procedures for a wide range of medical disciplines.Source: U.S. Embassy Kyiv Ukraine via Flickr (Modified)Medtronic's operating segments are classified into cardiac and vascular, minimally invasive therapies, restorative therapies and diabetes groups. The U.S. is Medtronic's largest market, followed by western Europe, Japan and emerging markets.With nearly seven decades of existence, Medtronic has developed a strong reputation globally and claims to improve the lives of two people every second. Some of Medtronic's key innovations include the world's smallest pacemaker and artificial pancreas.As a leader in medical technology and solutions, Medtronic stands to benefit from growing healthcare needs as the global population ages. The business also benefits from meaningful barriers to entry created by various regulations from the U.S. Food and Drug Administration and other government agencies. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Thanks to its product innovation and conservative management, the company has increased its dividend for 40 years in a row and last raised its dividend by 8% in June.Given the company's technology leadership and unmatched breadth and scale, Medtronic should be able to continue its dividend growth streak at a high-single-digit rate going forward. Investors can learn more about Medtronic's competitive advantages and business profile here. Texas Instruments (TXN)Dividend Yield: 2.48% 5-Year Annual Dividend Growth Rate: 19.6% YTD Gain: 31.5%Texas Instruments (NASDAQ:TXN) is one of the largest designers and sellers of semiconductors globally. It develops analog integrated circuits and embedded processors that are subsequently sold to electronics manufacturers.Source: Shutterstock The company's product portfolio consists of tens of thousands of products that are used to accomplish many different things, such as converting and amplifying signals, interfacing with other devices and managing and distributing power.Texas Instruments' focus on these segments provides a combination of stability and strong cash generation, owing to the products' long product life cycles and low capital-intensive manufacturing.Leading industry products, a diverse portfolio, unique technologies and manufacturing scale and a strong reputation enable Texas Instruments to generate stable and recurring cash flows.As a result, Texas Instruments has paid uninterrupted dividends since 1962 and it has recorded an impressive annual dividend growth rate of approximately 34.2% over the last three years.Last year marked the company's 14th consecutive year of dividend increases, wherein Texas Instruments raised its dividend by nearly 25%.Given its predictable cash flow generation, impressive dividend track record and reasonable payout ratio,, the company should be able to continue rewarding shareholders with double-digit dividend growth in the years ahead. Costco Wholesale (COST)Dividend Yield: 0.95% 5-Year Annual Dividend Growth Rate: 12.8% YTD Gain: 35%Costco Wholesale (NASDAQ:COST) is a membership warehouse club with more than 500 U.S. store locations that provide merchandise at low prices to its members. Costco sells a wide range of products, including packaged foods, groceries, appliances, cleaning supplies, clothing and electronics.Source: Shutterstock The company is the world's second-largest retailer by sales and it generates the majority of its sales in North America. Costco's membership base is growing with a renewal rate of over 90% as of its December 2018 quarter.Over its 35 years of existence, Costco has succeeded in providing a great customer experience by blending together the convenience of specialty departments and a selection of wide merchandise at affordable prices. It has become a trusted name owing to its low cost and quality merchandise. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What The company buys directly from many producers of national brand-name merchandise and sends products directly to its warehouses, eliminating multi-step distribution costs. High sales volumes, rapid inventory turnover, efficient distribution and self-service warehouse facilities also ensure high operational efficiency.A large and loyal customer base, economies of scale, a diverse mix of merchandise, and strategically-located warehouses are Costco's major competitive advantages.Analysts expect Costco's sales growth to sit in the mid-single-digits range over the long-term, which could result in 8%-9% annual earnings growth in the coming years. Costco could, therefore, continue its solid pace of dividend growth. American Tower (AMT)Dividend Yield: 1.56% 5-Year Annual Dividend Growth Rate: 23.30% YTD Gain: 39.7%American Tower (NYSE:AMT) is a leading owner, operator and developer of multitenant communications real estate. The company was formed in 1995 as a unit of American Radio Systems and it was spun off in 1998 when that company merged with CBS Corporation.Source: Shutterstock American Tower reports its results in five segments U.S. (59% of 2016 sales), Asia (14%), EMEA (9%) and Latin America (17%) property, and services (1%). It owns a portfolio of over 170,000 communications sites.American Tower leases space on its communications sites to wireless service providers, radio and television broadcast companies, government agencies and tenants in a number of industries. Its top tenants include well-known names like AT&T (NYSE:T), Verizon Communications (NYSE:VZ), T-Mobile US (NASDAQ:TMUS) and Sprint (NYSE:S).The real estate investment trust derives most of its revenue from tenant leases, which typically have an initial non-cancellable term of ten years with multiple renewal terms, as well as provisions for annual price increases. It is difficult for tenants to find suitable alternative sites and as such the lease renewal rates are generally high.Moreover, the incremental operating costs associated with adding new tenants to an existing communications site are relatively low and annual capital expenditures to maintain communications sites are also not high. All these factors provide high cash-flow visibility and excellent profitability for American Tower.American Tower should keep growing its earnings as demand for wireless services and data grows in the coming years. A global asset base, recession-proof demand for its sites, long-standing relationships with customers and low cash-flow volatility provide a moat around American Tower's business.Simply put, wireless tower companies possess many attractive qualities. That's probably why Crown Castle International (CCI), one of American Tower's peers, is a position in Bill Gates' dividend stock portfolio.Given American Tower's history of double-digit growth in property revenue and the near-tripling of its dividend in just the past five years, shareholders can likely expect at least 20% annual dividend growth in the years ahead. Becton, Dickinson and Company (BDX)Dividend Yield: 1.2% 5-Year Annual Dividend Growth Rate: 7.70% YTD Gain: 11.6%Becton, Dickinson and Company (NYSE:BDX) is a global medical technology company engaged in the development, manufacture and sale of a broad range of medical supplies, devices, laboratory equipment and diagnostic products. The company uses independent distribution channels to distribute its products both in the U.S. and internationally.Source: Shutterstock Europe, EMA, Greater Asia, Latin America and Canada are Becton Dickinson's major international markets. Becton Dickinson is also growing its presence in emerging markets.The company has major R&D facilities located in North America, China, France, India, Ireland and Singapore. BDX's customer base is also quite diverse, ranging from healthcare institutions, life science researchers and the pharmaceutical industry to clinical laboratories and the general public.Diversification across geographies, customers and products, strong R&D capabilities and a portfolio of successful brands are Becton Dickinson's key competitive advantages. With more than a century's worth of operating experience, the company is known for providing integrated products and services that seamlessly support healthcare providers across care areas. Its acquisition of C.R. Bard is also expected to create a stronger company in the future.Becton Dickinson is a dividend aristocrat with 46 years of consecutive dividend growth. It has grown its dividend at an impressive 10% compound annual growth rate over the last five years. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Source: Shutterstock Automatic Data Processing (ADP)Dividend Yield: 1.86% 5-Year Annual Dividend Growth Rate: 8.9% YTD Gain: 30%Automatic Data Processing (NASDAQ:ADP) is a top global provider of cloud-based Human Capital Management (HCM) solutions, and a leader in business outsourcing services, analytics and compliance expertise.Automatic Data Processing's business can be categorized into two reportable segments -- Employer Services and Professional Employer Organization Services. By geography, the U.S. is its largest market, accounting for most of its revenues followed by Europe, Canada and other .Automatic Data Processing provides a host of services ranging from recruitment to talent management to retirement that help customers improve their business results and alleviate the pain from non-core, administrative tasks.The company serves over hundreds of thousands of clients ranging from small and mid-sized to large organizations operating in more than 110 countries around the world. It caters to the needs of more than 70% of the Fortune 500 companies.Automatic Data Processing is responsible for making payments to approximately one out of every six U.S. workers and nearly 13 million workers internationally. In addition, its mobile applications enable over 10 million of its clients' employees to easily access to their HR information.With six decades of experience, Automatic Data Processing has developed deep insights and cutting-edge technologies that have transformed human resources from a back-office administrative function to a strategic business advantage.A client-centric approach, long-standing customer relationships, extensive experience in payroll services and a growing demand for cloud platforms are Automatic Data Processing's biggest advantages.The company has raised its dividend for 43 years in a row.As of this writing, Brian Bollinger was long LOW, MDT, AMT, BDX, and ADP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post 9 Super-Safe-Growth Stocks for Long-Lasting Dividends appeared first on InvestorPlace.
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(Bloomberg) -- Reserve Bank Governor Philip Lowe said he’s still prepared to reduce Australia’s record-low interest rates further if needed, though signaled the economy could be through the worst of its slowdown.The central bank’s own estimates, released as Lowe spoke, pushed back expectations for faster economic growth and inflation and a lower unemployment rate. Importantly, these were based on current market pricing for two more RBA cuts that would bring the cash rate to 0.5%. Nonetheless, the RBA chief struck a note of quiet optimism.“There are signs the economy may have reached a gentle turning point,” Lowe said in his opening statement to a parliamentary panel in Canberra Friday. “Consistent with this, we are expecting the quarterly GDP growth outcomes to strengthen gradually after a run of disappointing numbers.”The RBA undertook back-to-back rate cuts in June and July to a record-low 1% as it sought to revive a decelerating expansion and drive down unemployment. It joined developed-world counterparts in easing as the U.S.-China economic confrontation deepens, damping global confidence and investment.“While we might wish it were otherwise, it is difficult to escape the fact that if global interest rates are low, they are going to be low here in Australia too,” Lowe said in his semi-annual testimony. “Our floating exchange rate gives us the ability to set our own interest rates from a cyclical perspective, but it does not insulate us from long-lasting shifts in global interest rates driven by saving/investment decisions around the world.”The Aussie dollar has declined almost 8% in the past 12 months as the economy slowed and money markets boosted bets the RBA would resume easing. The currency climbed Friday morning in Sydney as markets read into the remarks that the governor was gaining confidence that growth could be turning up.Lowe’s remarks “confirmed an easing bias and willingness to cut further to meet the RBA’s objectives, but did not appear to signal any urgency,” said Su-Lin Ong, head of economic and fixed-income strategy at Royal Bank of Canada in Sydney. “Their base case appears to be a hope that monetary and fiscal stimulus will see firmer growth ahead.”Lowe also said it was prudent to be thinking about unconventional policies, though he reiterated that he believed this was unlikely in Australia.The key forecast revisions in the Statement on Monetary Policy released Friday in Sydney were as follows:Core inflation will be around 1.75% next year and reach the bottom of the RBA’s 2-3% target by June 2021, a year later than projected in MayUnemployment will be around 5.25% through 2020 and fall to 5% by June 2021, two years later than projected in MayGDP growth will be slightly lower this year, at 2.5% versus previous estimate of 2.75%Glass Half FullLowe’s gentle optimism expressed in his testimony is based on the RBA’s lower rates, recent tax cuts, a lower currency, a brighter outlook for investment in the resources sector, some stabilization of the housing market and ongoing investment in infrastructure.“It is reasonable to expect that, together, these factors will see growth in the Australian economy return to around its trend rate next year,” he said. Still, even an improving outlook won’t resolve the economy’s underlying challenges.“In the central scenario that I have sketched today, inflation will be below the target band for some time to come and the unemployment rate will remain above the level we estimate to be consistent with full employment,” Lowe said. “While this remains the case, the possibility of lower interest rates will remain on the table.”The governor also highlighted the elephant in the room: the political and economic uncertainty worldwide.“These disputes pose a significant risk to the global economy,” Lowe said. “Not only are they disrupting trade flows, but they are also generating considerable uncertainty for many businesses around the world. Worryingly, this uncertainty is leading to investment plans being postponed or reconsidered.”The RBA chief was pressed several times on the potential for unconventional policy. The cash rate is just 1%, a similar level to the Federal Reserve’s when it undertook QE, and New Zealand’s governor said this week it was possible he would have to consider alternative measures after cutting his rate to 1%.Lowe acknowledged that it was possible that the RBA would end up at the zero lower bound and spelled out the measures taken by international counterparts and some of his thoughts on their efficacy. He also provided a snapshot of his thinking about them for Australia.“I think the focus would be on trying to reduce the risk-free interest rate,” Lowe said. “If we reduced the cash rate down to a very low level, it’s possible as circumstances warranted that we could take action to lower the risk-free rates further out along the term spectrum.”(Updates with economist comment in 7th paragraph.)\--With assistance from Chris Bourke.To contact the reporter on this story: Michael Heath in Sydney at firstname.lastname@example.orgTo contact the editors responsible for this story: Malcolm Scott at email@example.com, ;Nasreen Seria at firstname.lastname@example.org, Edward JohnsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has upgraded the ratings of 1 class of asset-backed securities (ABS) and affirmed the ratings of 3 classes of ABS issued by Synchrony Card Issuance Trust (the Trust), sponsored by Synchrony Bank (formerly known as GE Capital Retail Bank). Today's rating actions are based on Moody's updated view on the credit quality of the sponsor. Given the revolving structure used in credit card securitizations, the bank sponsor plays an important and ongoing role in underwriting and originating any new accounts for the trust.
The Home Depot (NYSE:HD) is the largest home improvement retailer. HD stock is viewed as an important tell on several marquee economic data points, including consumer-related and housing numbers.Source: Shutterstock Home Depot stock is the second-largest component in the Consumer Discretionary Select Sector SPDR (NYSEARCA:XLY) behind a company called Amazon (NASDAQ:AMZN). However, Home Depot is a mature consumer cyclical name. As such, it's not as volatile nor as richly valued as some of the growth-ier names in this sector. HD stock trades for less than 19x forward earnings.Up 21.89% year-to-date, Home Depot stock has been one of the steadier members of the Dow Jones Industrial Average, a theme that should continue because the company is not one at the epicenter of the trade tensions between the U.S. and China.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast month, Guggenheim analyst Steven Forbes noted of HD stock price "that while the shares might seem pricey after their 2019 run, he thinks that same-store sales will increase in the second half of the year, bolstered by strategic investments in the business, giving the rally fresh legs," according to Barron's.The company reports earnings on Tuesday, Aug. 20 with analysts expecting earnings of $3.09 per share, up from $3.05 a year earlier. A Winner in a Shifting Retail EnvironmentAs has been widely noted, the retail industry is experiencing a revolution, one that is likely to result in more store closures over the coming years. That doesn't mean all brick-and-mortar stores will disappear, but the trends at a play in the retail space will ensure the physical stores that remain will likely be those of stronger companies. For a variety of reasons, Home Depot will be one of the remainders (and winners) as retail undergoes a major face-lift."Other catalysts for top-line growth could come from the firm's efficient supply chain, improved merchandising technology, and penetration of adjacent customer product segments (like commercial)," said Morningstar in a recent note. "Expansion of both new (like textiles from the Company Store acquisition) and existing (appliances could grow post-Sears bankruptcy) categories could also drive demand."Home Depot is also a wide-moat company, meaning it poses significant barriers to entry to would-be rivals. Lowes's (NYSE:LOW) is HD stock's big primary competitor, but it hasn't been much of a competition in terms of price action. Over the past five years, Home Depot stock is up more than 150% while Lowe's is higher by just 100%, according to Bloomberg data.Over that same period, HD stock has beaten XLY by a margin of more than 2-to-1, indicating that it has been one of the best large-cap consumer discretionary names not called Amazon over that span. Bottom Line on HD StockPast performance is never a guarantee of future returns, but Home Depot stock can continue being a long-term winner because of the company's excellence in execution, pricing power, wide moat and resilience in the face of rising online retail sales."Home improvement retailers remain one of the best-insulated sectors from e-commerce threats, as the high weight/value ratio of many products prohibit cost-effective shipping and the specialized knowledge base employees offer is difficult to replicate," said Morningstar. "These strengths have helped Home Depot deliver adjusted average returns on invested capital of 31% during the past five years, after the last housing downturn and focusing on its core orange box business."Yes, Home Depot stock is a tad pricey right now, but if its management can boost margins and return on invested capital, the HD stock price may grow into that valuation, muting the expensive nature of it.Todd Shriber doesn't own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post HD Stock Worth Building Something With appeared first on InvestorPlace.