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Stock Market & Financial Investment News

News Breaks
August 18, 2014
14:14 EDTHDHome Depot technical notes ahead of earnings
The stock has outperformed the broader averages in the last three months, trading up over 9%. About half of those gains have come in recent weeks as earnings approach. Sentiment is very positive in the name, with shares trading near 52-week and life highs at $84.62, a level hit earlier in the session on Monday. If there is positive news that exceeds expectations, there is no real overhead resistance. A move to common options strike prices at $85, $87.50, and $90 would be in the cards depending on the degree of positive surprise. If the news fails to meet expectations, a breakdown to the $82 level would be the first major test of support. That area was until very recently the top of the prior-three-months trading range. Depending on the degree of negative surprise, next supports down would be at $78.07 and then at $76.50 which is near the three-month lows.
News For HD From The Last 14 Days
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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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