|Bid||0.00 x 1000|
|Ask||0.00 x 2900|
|Day's Range||39.92 - 40.38|
|52 Week Range||38.21 - 47.20|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
As of September 14, Home Depot (HD) was trading at $209.07, a rise of 7.7% since the announcement of its second-quarter earnings on August 14. In the second quarter, Home Depot posted adjusted EPS of $3.05 on revenue of $30.46 billion, outperforming analysts’ consensus EPS expectation of $2.84 and their revenue estimate of $30.03 billion. After posting its second-quarter earnings results, Home Depot’s management raised its revenue, SSSG, and EPS guidances for 2018.
Based on the Modern Homebuyer Survey, almost half of the participants cited that the competition for home buying is decreasing, which could bode well for traders looking to leverage homebuilder ETFs like the Direxion Daily Homebuilders and Supplies Bull and Bear 3X Shares (NAIL) . The survey results showed that more than 50% of participants felt competition is thinning in areas like Colorado, California and New York. This could signal an impending shift from a seller's market to a buyer's market, which could force the hand of homebuilders to meet increased demand.
Could Home Depot and Lowe’s See Upward Momentum in H2 2018? With both Home Depot (HD) and Lowe’s Companies (LOW) having posted their second-quarter earnings, it’s time to compare them. Home Depot’s fiscal second quarter ended July 2, and it reported its earnings on August 14.
RH (RH) posted its second-quarter earnings after the market closed on September 4. The company posted adjusted EPS (earnings per share) of $2.05 on adjusted revenues of $642.7 million for the quarter, which ended on August 4. Year-over-year, the company’s revenue increased by 3.8%, while its EPS rose by 215.4%.
Luxury home furnishing company RH (RH) is scheduled to post its second-quarter earnings after the market closes on September 4. As of August 29, RH was trading at $158.94, which represents growth of 33.9% since the announcement of its first-quarter earnings on June 11. In the first quarter, RH posted adjusted EPS of $1.33, outperforming analysts’ EPS estimate of $1.02.
Williams-Sonoma (WSM) posted its second-quarter earnings after the market closed on August 22. The company posted adjusted EPS of $0.77 on revenues of $1.27 billion. The company’s EPS rose 26.2% YoY (year-over-year), and its revenues rose 6.1%.
As the world approaches the 10-year anniversary of the bursting of the housing bubble, should investors brace themselves for an unsettling sense of déjà vu?
Lowe’s Companies (LOW) posted its second-quarter earnings before the market opened on August 22. Lowe’s outperformed analysts’ EPS expectation of $2.02 and their revenue estimate of $20.78 billion. Lowe’s management also announced that it would be closing all 99 Orchard Supply Hardware stores and its distribution facility by the end of 2018 to focus on its core home improvement business.
Homebuilder stocks led Tuesday gains with sector-related ETFs breaking above their short-term trend lines after Toll Brothers (TOL) beat second quarter earnings expectations. On Tuesday, the iShares U.S. Home Construction ETF (ITB) , the largest homebuilder-related ETF, jumped 3.7% and the equally weighted SPDR S&P Homebuilders ETF (XHB) rose 2.6%. Fueling the surge in homebuilders, Toll Brothers revealed profits rose 30% in its latest quarter on strong growth in deliveries and ongoing deals with customers, reports Kimberly Chin for the Wall Street Journal.
Beaten-down homebuilder stocks and ETFs rallied Tuesday, boosted by Toll Bros.' quarterly results and massive price move.
MARKET PULSE Homebuilder stocks rallied early Tuesday, after Toll Brothers Inc. (tol) reported a fiscal third-quarter profit and revenue that rose above expectations. The SPDR S&P Homebuilders ETF (xhb) climbed 1.
Williams-Sonoma (WSM) is scheduled to post its second-quarter earnings after the market closes on August 22. As of August 17, the company was trading at $59.32, which represents a rise of 20.6% since the announcement of its first-quarter earnings on May 23.
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.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Tuesday.