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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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February 3, 2016
19:47 EDTHDHome Depot to hire 2,000 employees in Massachusetts, Boston Globe says
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07:35 EDTHDHome Depot hiring over 80,000 positions for spring
Home Depot is hiring more than 80,000 associates nationwide to ensure its stores are staffed for the company's busiest selling season.
January 25, 2016
10:00 EDTHDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Express (AXP) upgraded to Perform from Underperform at Oppenheimer... BankMutual (BKMU) upgraded to Outperform from Market Perform at Hovde Group... Black Hills (BKH) upgraded on acquisition at BMO Capital... Bruker (BRKR) upgraded to Buy from Hold at Cantor... Cedar Fair (FUN) upgraded to Conviction Buy from Buy at Goldman... Charles Schwab (SCHW) upgraded to Buy from Neutral at Nomura... Corporate Office Properties (OFC) upgraded to Buy from Neutral at Mizuho... Entegris (ENTG) upgraded on valuation, outlook at Pacific Crest... First Financial upgraded to Outperform from Market Perform at Keefe Bruyette... Goldman Sachs (GS) upgraded to Buy from Neutral at Nomura... Graphic Packaging (GPK) upgraded to Outperform from Neutral at Macquarie... Home Depot (HD) upgraded to Buy from Hold at Deutsche Bank... Intel (INTC) upgraded to Outperform from Neutral at Macquarie... J.B. Hunt (JBHT) upgraded to Buy from Hold at BB&T... Magna (MGA) upgraded to Buy from Neutral at Citi... Masco (MAS) upgraded to Buy from Hold at Evercore ISI... Mattel (MAT) upgraded to Conviction Buy from Buy at Goldman... O'Reilly Automotive (ORLY) upgraded to Buy from Hold at Deutsche Bank... PACCAR (PCAR) upgraded to Buy from Neutral at Citi... People's United (PBCT) upgraded to Neutral from Underweight at Piper Jaffray... Quality Systems (QSII) upgraded to Overweight from Neutral at Piper Jaffray... RadiSys (RSYS) upgraded to Buy from Hold at Needham... Standard Motor (SMP) upgraded to Buy from Neutral at CL King... Swedbank (SWDBY) upgraded to Hold from Underperform at Jefferies... Toll Brothers (TOL) upgraded to Strong Buy from Outperform at Raymond James... Voyager Therapeutics (VYGR) upgraded to Neutral from Sell at Chardan... Yahoo (YHOO) upgraded to Buy from Hold at Pivotal Research.
06:15 EDTHDHome Depot upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Mike Baker upgraded Home Depot to Buy citing the recent pullback in shares and favorable industry dynamics. The home centers have the best fundamentals in hardline retail, Baker tells investors in a research note. He keeps a $135 price target on shares of Home Depot. The stock closed Friday up $2.55 to $122.77.

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