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Stock Market & Financial Investment News

News Breaks
November 12, 2012
12:33 EDTHDEarnings Preview: Home Depot sees FY12 EPS $2.95, to take $160M charge in Q3
Home Depot (HD) is expected to report Q3 earnings before the market open on Tuesday, November 13 with a conference call scheduled for 9:00 am ET. Analysts are looking for EPS of 70c on revenue of $17.92B. The consensus range is 68c-74c for EPS, and $17.75B-$18.07B for revenue, according to First Call. After reporting better than forecast Q2 EPS, the company raised its FY12 EPS view to $2.95 from $2.90, reflecting stock buybacks, vs. consensus $2.97. The company also forecast FY12 same-store sales up 4.6% and said it intends to repurchase $1.4B in additional shares over the rest of 2012. During the quarter, CEO Frank Blake told Reuters that the U.S. housing market is a "long way away from true recovery". The company backed its FY12 EPS view and said it will take a charge of $160M, or approximately 10c per share, in Q3 on the close of seven big box stores in China. Home Depot could surprise investors in its Q3 report, Barron's said on October 29. Consumers are scampering to buy up home repair supplies, batteries, generators and such to fight off the effects of Hurricane Sandy boosting sales at the home builder stores. Analysts believe Home Depot may come out on top of rival Lowe's (LOW) given its larger store presence in storm-affected areas. Analysts and investors will listen for comments from the company on the housing recovery, as well as what impact Hurricane Sandy and Winter Storm Athena may have on its Q4 and FY12 results.
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August 19, 2014
09:38 EDTHDActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
09:24 EDTHDHome Depot says 'very pleased' with August sales performance
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09:20 EDTHDHome Depot sees FY14 gross margin up 'a few' bps from FY13
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09:07 EDTHDOn The Fly: Pre-market Movers
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07:35 EDTHDHome Depot exceptional results reinforce positive thesis, says RW Baird
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07:31 EDTHDHome Depot: Q2 spring seasonal businesses rebounded
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06:03 EDTHDHome Depot raises FY14 EPS to $4.52 from $4.42, consensus $4.41
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06:01 EDTHDHome Depot reports Q2 SSS up 5.8%; US comp sales up 6.4%
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06:01 EDTHDHome Depot reports Q2 EPS $1.52, consensus $1.45
Reports Q2 revenue $23.81B, consensus $23.61B
August 18, 2014
16:00 EDTHDOptions Update; August 18, 2014
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15:26 EDTHDNotable companies reporting before tomorrow's open
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14:49 EDTHDHome Depot August weekly 83.5 straddle priced for 2.3% move into Q2
14:32 EDTHDHome Depot technical notes ahead of earnings
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14:22 EDTHDHome Depot technical notes ahead of earnings
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14:14 EDTHDHome Depot technical notes ahead of earnings
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11:39 EDTHDHome Depot weekly volatility elevated into Q2 and outlook
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11:25 EDTHDEarnings Preview: Home Depot shares up nearly 9% since last earnings report
Home Depot (HD), a home improvement retailer, is scheduled to report second quarter results before the market opens on Tuesday, August 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.45 on revenue of $23.62B, according to First Call. The consensus range for EPS is $1.41-$1.49 on revenue of $22.9B-$24.08B. LAST QUARTER: Home Depot reported first quarter EPS of $1.00 against estimates for 99c on revenue of $19.69B against estimates of $19.95B. The company said same-store sales increased 2.6%, with U.S. SSS up 3.3%. The company raised its fiscal year 2014 EPS view to $4.42 from $4.38 against estimates at that time for $4.42. The retailer also backed its FY14 sales growth view of up 4.8% from fiscal year 2013. On its Q4 earnings conference call, Home Depot forecast gross margins for FY14 would be "about the same" as last year. For the remainder of the year, the company said its view on the housing market recovery had not changed. NEWS: At Oppenheimer's 14th Annual Consumer Conference in June, Home Depot reaffirmed its 4.8% sales growth view for the year and said SSS growth would be 4.6%. The company also said it expected $7B in share repurchases for FY14. The retailer also said it intends to increase its dividend every year. The Wall Street Journal said Home Depot is among the retailers betting that consumer basics, like toilet paper or detergent, will increase sales and lure shoppers into stores. STREET RESEARCH: Citigroup expects Home Depot shares will continue outperforming Lowe's (LOW) in the near-term given its store base concentration and better merchandising effort on the Pro side. Deutsche Bank lowered its estimates for both Home Depot after Tractor Supply (TSCO) and Lumber Liquidators (LL) pre-announced Q2 comp misses. The firm, which noted that the negative earnings revision is "relatively minor," said that while the business models are different, Tractor Supply and Lumber Liquidators have historically correlated positively with Home Depot and Lowe's on comps. PRICE ACTION: Over the last three months, Home Depot shares are up almost 9%. Year-to-date, shares are up over 2%.
06:24 EDTHDOptions expected to be active
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August 11, 2014
14:48 EDTHDHome Depot August volatility elevated into Q2 and revenue outlook
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August 7, 2014
06:20 EDTHDHome Depot should continue outperforming Lowe's, says Citigroup
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