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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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December 16, 2014
09:59 EDTHDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
07:05 EDTHDHome Depot initiated with a Neutral at Nomura
Target $110.
December 12, 2014
07:35 EDTHDLowe's outlook has improved, says Oppenheimer
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December 10, 2014
08:49 EDTHDHome Depot sees FY14 EPS $4.54, consensus $4.49
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December 5, 2014
08:35 EDTHDHome Depot continues to execute at very high level, says RW Baird
Baird said Home Depot continues to operate and execute at a very high level and should remain a stable port in the choppy retail environment. The firm reiterates its Outperform rating and $110 price target on Home Depot shares, citing operational efficiencies across the organization and a balanced approach to capital allocation.

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