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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%.
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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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