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Stock Market & Financial Investment News

News Breaks
July 10, 2014
10:18 EDTLOW, HD, LL, TSCO, TTSHome Depot, Lowe's estimates cut after warnings from floor, farm retailers
Weak results from Tractor Supply (TSCO) and Lumber Liquidators (LL) do not bode well for Home Depot (HD) and Lowe's (LOW) near-term outlook, Deutsche Bank warned in a note to investors earlier today. WHAT'S NEW: After hardwood floors retailer Lumber Liquidators and farm products retailer Tractor Supply pre-announced weaker than expected Q2 results, Deutsche Bank analyst Mike Baker reduced his estimates for Home Depot and Lowe's. The comparative sales of Home Depot and Lowe's have historically had a positive correlation with those of Tractor Supply and Lumber Liquidators, explained Baker. Lumber Liquidators, like Home Depot and Lowe's, is exposed to housing markets, the analyst stated. Meanwhile, like Tractor Supply, Home Depot and Lowe's are exposed to the outdoor/weather sensitive sector, according to Baker. However, there are differences in the companies' business models, and comparative sales at Home Depot and Lowe's are probably trending better than at Tractor Supply and Lumber Liquidators, Baker believes. He lowered his second quarter comparative sales growth forecast for Lowe's to 4% from 4.5%, and for Home Depot to 4.5% from 5%. Baker's Q2 EPS estimates for both home improvement companies are now 1c below consensus levels. He kept a Buy rating on Lowe's and Hold ratings on Home Depot and Tractor Supply. PRICE ACTION: In early trading, Home Depot fell 2% to $79.07, Lowe's declined 1.8% to $47.02, Tractor Supply tumbled 5% to $58.23, and Lumber Liquidators plunged 22% to $54.70. Shares of Tile Shop (TTS), which is also exposed to housing markets, fell 11% to $11.55 in early trading.
News For LOW;HD;LL;TSCO;TTS From The Last 14 Days
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July 25, 2014
11:56 EDTHDDelta Air Lines names Home Depot CEO Frank Blake to board of directors
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July 24, 2014
10:03 EDTTSCOOn The Fly: Analyst Upgrade Summary
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09:13 EDTTSCOTractor Supply upgraded to Buy from Hold at Feltl
July 23, 2014
17:21 EDTLLLumber Liquidators calls lawsuit allegations 'flat-out false'
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16:06 EDTTSCOTractor Supply sees FY14 EPS at low end of $2.54-$2.62, consensus $2.54
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16:04 EDTTSCOTractor Supply reports Q2 EPS 95c, consensus 95c
Reports Q2 revenue $1.58B, consensus $1.6B. Reports Q2 comparable store sales increased 1.9%.
15:30 EDTTSCONotable companies reporting after market close
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July 17, 2014
14:05 EDTLLLumber Liquidators downgraded to Peer Perform from Outperform at Wolfe Research
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14:01 EDTHDHome Depot upgraded to Outperform from Peer Perform at Wolfe Research
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06:54 EDTTSCOTractor Supply management to meet with Oppenheimer
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July 16, 2014
05:51 EDTLLStocks with implied volatility below IV index mean; LULU LL
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July 15, 2014
07:15 EDTLOWIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:03 EDTLLStocks with implied volatility below IV index mean; LULU LL
Stocks with implied volatility below IV index mean; lululemon (LULU) 36, Lumber Liquidators (LL) 53 according to iVolatility.
July 14, 2014
08:11 EDTHDHome Depot management to meet with JPMorgan
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07:58 EDTHDMakerBot, Home Depot to bring MakerBot 3D printers to select stores
MakerBot, a subsidiary of Stratasys (SSYS), and The Home Depot (HD) announce a collaboration to bring MakerBot Replicator Desktop 3D Printers to customers on homedepot.com/makerbot and in 12 Home Depot stores in California, Illinois and New York beginning July 14. This is the first time The Home Depot has offered 3D printers for sale in its stores and will be a pilot program for MakerBot and The Home Depot.
06:05 EDTLL Stocks with implied volatility below IV index mean; LULU LL
Stocks with implied volatility below IV index mean; lululemon (LULU) 34, Lumber Liquidators (LL) 51 according to iVolatility.

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