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Stock Market & Financial Investment News

News Breaks
May 19, 2014
12:20 EDTHDEarnings Preview: Home Depot shares relatively flat ahead of Q1 report
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of 99c on revenue of $19.95B, according to First Call. The consensus range for EPS is 95c-$1.01 on revenue of $19.77B-$20.46B. LAST QUARTER: Home Depot reported fourth quarter EPS of 73c against estimates for 71c on revenue of $17.7B against estimates of $17.91B. The company said same-store sales increased 4.4%, with U.S. SSS up 4.9%. The company provided fiscal year 2014 guidance, seeing FY14 EPS of $4.38 against estimates at that time for $4.43. The retailer also forecast FY14 sales growth of 4.8%, with SSS expected to grow about 4.6%. On its Q4 earnings conference call, Home Depot said its guidance assumed that the housing market would be a continuing tailwind. NEWS: In March, Home Depot named Craig Menear to be its U.S. retail president, setting up a CEO succession plan. Frank Blake, who has led the retail fix-it chain since 2007, has not yet announced his retirement. The retailer said it expected the housing recovery to continue and home prices to increase, though at a lower rate. The Wall Street Journal said Home Depot is slowing new store openings and focusing its expansion efforts on e-commerce. Barron's said Home Depot looks cheap and shares could rally 25% as the housing market revives. STREET RESEARCH: Home Depot was upgraded to Outperform from Market Perform at BMO Capital. The firm believes sales are tracking at or above plan in non-weather affected areas. PRICE ACTION: Over the last three months, Home Depot shares are relatively flat. Year-to-date, shares are down almost 7%.
News For HD From The Last 14 Days
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October 31, 2014
08:38 EDTHDHome Depot price target raised to $110 from $100 at RW Baird
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October 30, 2014
10:09 EDTHDLowe's, Home Depot rise after Goldman says housing outlook improved
Shares of Lowe's (LOW) and Home Depot (HD) are rising after Goldman Sachs became more upbeat on both companies. The firm said that the housing sector's improved outlook made the stocks more attractive. WHAT'S NEW: Goldman Sachs analyst Matthew Fassler upgraded Lowe's to Buy from Neutral and raised his price target on the shares to $63 from $58. He increased his price target on Home Depot to $103 from $100 but kept a Neutral rating on the stock. Fassler increased his estimates for both companies to reflect his greater optimism about the housing sector in 2015-2016. The analyst said that his upgrade of Lowe's also reflects his more upbeat view of retail stocks linked to housing, given the lack of cyclical challenges facing the housing market. Furthermore, Lowe's can increase its margins significantly, as they are much further below their peak than most of the company's peer, according to Fassler. Meanwhile, the big box, Do-It-Yourself retailers face little competition from Amazon (AMZN), added the analyst. PRICE ACTION: In early trading, Lowe's climbed 0.5% to $56.09, while Home Depot rose fractionally to $96.48.
06:28 EDTHDLowe's upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Lowe's (LOW) to Buy saying housing is going through a multi-year recovery. Goldman believes the large home improvement retailers have limited risk of disruption by Amazon (AMZN). It raised its price target for Lowe's shares to $63 from $58. The firm keeps a Neutral rating on Home Depot (HD) but raised its price target for shares to $103 from $100.
October 27, 2014
10:32 EDTHDVeriFone rises after Barron's says Apple Pay positive for company
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October 21, 2014
06:22 EDTHDStaples may be latest retailer to be hacked, Krebs reports
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October 17, 2014
16:55 EDTHDStocks end volatile week lower amid oil price plunge
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