|Bid||216.22 x 1000|
|Ask||0.00 x 1000|
|Day's Range||214.18 - 217.88|
|52 Week Range||158.09 - 239.31|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||21.56|
|Earnings Date||Feb. 25, 2020|
|Forward Dividend & Yield||5.44 (2.54%)|
|1y Target Est||239.10|
While an individual stock is certainly a great option to tap the Black Friday deals in the investment world, a basket approach through ETFs is diversified and more cost effective at lower risk.
Home Depot (HD) loses momentum on the recent dismal top-line performance in third-quarter fiscal 2019. However, its earnings beat streak and strategic investments create positive sentiments.
Each of the three major indices rose to record highs Wednesday as trade optimism buoyed equities and a deluge of economic data came in stronger than expected.
A sell-off in stocks accelerated Wednesday afternoon after Reuters reported an initial U.S.-China trade deal might not be completed by the end of 2019.
(Bloomberg) -- Lowe’s Cos. raised its earnings outlook for the year and said it plans to reorganize in Canada, even as the home-improvement chain reported third-quarter sales that trailed analysts’ estimates. The shares rose to a record high on Wednesday.Excluding some items, profit per share will be between $5.63 to $5.70 for the fiscal year ending in January, the company said Wednesday. That’s above an earlier estimate of as much as $5.65. Same-store sales increased 2.2%, missing projections for 3.2% growth. The company also said it plans to shut 34 underperforming stores in Canada.Key InsightsThe forecast and store-closing plans show that Lowe’s is pushing hard to get back on track. Rival Home Depot Inc. disappointed investors earlier this week. Chief Executive Officer Marvin Ellison also told analysts on a conference call that the company is “still committed to Canada.”The company said the revamping of its web business will slow online growth in the short term. In this quarter, the company expects same-store sales to grow about 3% and the web business will contribute almost nothing to that.Lowe’s is often compared to Home Depot, and for many years it struggled to keep pace. That had changed this year, with Lowe’s at times posting better sales results.Gains in home prices accelerated in the quarter, boosted by a decline in borrowing costs. That usually means home-improvement spending picks up because more people see their properties as investments.Market ReactionLowe’s shares surged as much as 6.9%, the most in three months, to $121.22 on Wednesday. The shares had gained 23% this year through Tuesday’s close, compared with Home Depot’s 31% advance.Get MoreFor more on the results, click here.For the company statement, click here.(Updates headline and story to reflect live trading and comments from conference call.)To contact the reporter on this story: Matt Townsend in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Lisa Wolfson, Marthe FourcadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Discount Store retailers' earnings results are likely to reflect gains from a unique business model as well as omni-channel, pricing and merchandising initiatives. High costs might have hurt margins.
The warnings signs are there for investors to at least lighten up on the long side in the stock market. My advice is to start looking for value areas and to try to avoid investing on the fear that you are going to miss a major rally.
Investing.com -- China reacted angrily to the Senate's passing of a bill tying trade preferences to observation of Hong Kong's rights, pushing Asian and European stock markets lower overnight. There are earnings updates due early from Lowe's and Target (NYSE:TGT), while Alibaba (NYSE:BABA) has priced the world's biggest stock offering so far this year. Here's what you need to know in financial markets on Wednesday, 20th November.
Minutes from the Federal Open Market Committee’s (FOMC) October meeting, big box retailer Target and home improvement giant Lowe’s will take centerstage Wednesday.
Target brought back some holiday cheer to the market one day after a number of disappointing retail earnings sparked fear this year's holiday shopping season won't be a robust one. Target, the second largest discount retailer, posted better-than-expected quarterly results on Wednesday and raised its profit outlook for the year. The stock hit an all-time high. The retailer has seen a lot of success from investments in the online space and in terms of multiple delivery options from same-day to pick-up. All that is paying off and allowing Target to steal customers away from department stores and specialty retailers. One retailer that's not getting caught up in Target's vortex is Lowe's. The second-largest home improvement retailer behind Home Depot also boosted its full-year profit forecast. The company offered fewer discounts which helped it pocket more profit from each sale. A tweak in its product line toward more power tools brought in professional builders and handymen, which tend to spend more. Quarterly sales, however, came in just below analysts forecasts but not enough to change Lowe's sales outlook. That was a relief after Home Depot cut its forecast for the second time this year. Shares of Lowe's rallied to an all-time high Wednesday.