Home Depot (HD), Lowe's (LOW) Firm Amid Existing-Home Sales Growth Miss
Tweet Send to a FriendGet Alerts HD Hot Sheet
Up)
Trade HD Now!
Shares of The Home Depot (NYSE: HD) and Lowe's Cos. (NYSE: LOW) are higher early amid existing home sales numbers showing gains in July, but not what markets were expecting.
According to the National Association of Realtors (NAR), existing-home sales were 4.47 million in the month, a gain of 2.3 percent from 4.37 million in June. The Street was looking for a 3.2 percent gain to 4.51 million.
June's sales fell 5.4 percent.
Numbers offset some positive momentum from Toll Brothers (NYSE: TOL), which reported third-quarter results earlier, while issuing fourth-quarter expectations in the process. Despite the lagging sales number, shares of Toll Brothers are up 5.5 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
According to the National Association of Realtors (NAR), existing-home sales were 4.47 million in the month, a gain of 2.3 percent from 4.37 million in June. The Street was looking for a 3.2 percent gain to 4.51 million.
June's sales fell 5.4 percent.
Numbers offset some positive momentum from Toll Brothers (NYSE: TOL), which reported third-quarter results earlier, while issuing fourth-quarter expectations in the process. Despite the lagging sales number, shares of Toll Brothers are up 5.5 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Tesla (TSLA) Ramps Higher (GM)
- UPDATE: Citi Raises PT on Micron Technology (MU) to $19
- Apple (AAPL) Targeting Gamers; Wants Advanced Game Controller
Create E-mail Alert Related Categories
Economic Data, Insiders' BlogRelated Entities
Existing-Home Sales, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
