UBS Reiterates Buy on Home Depot (HD) Following 1Q EPS Beat

Home Depot (HD) Declares $0.69 Quarterly Dividend; 2.1% Yield

May 19, 2016 4:31 PM EDT

Home Depot (NYSE: HD) declared a quarterly dividend of $0.69 per share, or $2.76 annualized.

The dividend will be payable on June 16, 2016, to stockholders of record on June 2, 2016, with an ex-dividend date of May 31, 2016.

The annual yield on the dividend is 2.1... More

Lowe's sales beat estimates; shares hit record high

May 18, 2016 6:35 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Lowe's Cos Inc (NYSE: LOW) followed larger rival Home Depot Inc (NYSE: HD) in reporting better-than-expected quarterly sales as strength in the U.S. housing market and favorable weather powered demand for building and home renovation products.

Shares of the home improvement chain, which also raised its profit forecast for the year ending Feb. 3, rose as much as 4 percent to a record high of $79.08, boosting the company's market value by about $2.5 billion.

In contrast, Home Depot's shares fell as... More

Home Depot raises forecasts after strong start to the year

May 17, 2016 9:10 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Home Depot Inc (NYSE: HD) boosted its sales and profit forecasts for the year on Tuesday after a stronger-than-expected first quarter, driven by a healthy housing market and favorable weather that encouraged Americans to spruce up their homes.

The company's results stood in stark contrast to grim quarterly reports from retailers such as Macy's Inc (NYSE: M), which have been hit as consumers shift spending away from apparel and accessories to big-ticket items including cars and homes.

"After last... More

Wall Street sells off amid Fed rate hike jitters

May 17, 2016 7:31 AM EDT

By Lewis Krauskopf

(Reuters) - Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report.

U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose. The data pointed to a steady inflation build-up that could give the Fed ammunition to raise interest rates later this year.

Also on Tuesday, a Fed policymaker said he will push for an interest rate hike in June or July,... More

Lowe's Cos. (LOW) on Watch Following Strong Q1 Numbers, Boosted Outlook from Home Depot (HD)

May 17, 2016 6:26 AM EDT

Lowe's Cos. (NYSE: LOW) shares are on watch following solid Q1 results from peer Home Depot (NYSE:... More

Home Depot (HD) at record high in premarket on better than expected Q1 and outlook

May 17, 2016 6:23 AM EDT

Home Depot (NYSE: HD) is recently up $2.53 to $137.90 in the premarket on better than expected Q1 results and outlook. May call option implied volatility is at 51, June is at 24; compared to its 52-week range of 15 to 38.

... More

Home Depot (HD) Tops Q1 EPS by 9c; Raises Outlook

May 17, 2016 6:03 AM EDT

Home Depot (NYSE: HD) reported Q1 EPS of $1.44, $0.09 better than the analyst estimate of $1.35. Revenue for the quarter came in at $22.8 billion versus the consensus estimate of $22.35 billion.

Comparable store sales for the first quarter of fiscal 2016 were positive 6.5 percent, and comp... More

Straddle prices into quarter releases

May 17, 2016 6:02 AM EDT

Children's Place (NASDAQ: PLCE) May 67.5 straddle priced for 8.5% price movement into Q1

TJX (NYSE: TJX) May 75 straddle priced for 5.2% price movement into Q1

Momo (NASDAQ: MOMO) May 12.5 straddle... More

Home Depot (HD) May call volatility and volume increases into Q1 and outlook

May 17, 2016 6:00 AM EDT

Home Depot (NYSE: HD) May call option implied volatility is at 51, June is at 24; compared to its 52-week range of 15 to 38 with a call put call of three to one into the expected release of Q1 results on May 17.

... More

Maverick Capital's 13F Shows New Stakes Comcast (CMCSA), Increase in Ericsson (ERIC), Newell (NWL), More ...

May 16, 2016 3:53 PM EDT

Maverick Capital released its 13F for the quarter ended March, 2016. Below is a summary:

New Stakes
AbbVie (NYSE: ABBV) new 43,170 share position
Accenture plc (NYSE: ACN) new 2,530 share position
GOOGLE-C (NASDAQ: GOOG) new 320,498 share position
ALTISOURCE REG (NASDAQ: ASPS) new 9,480 share position
AUTOHOME, Inc. (NYSE: ATHM) new 10,350 share position
BIOGEN IDEC Inc. (NASDAQ: BIIB) new 9,370 share position
BT GROUP PLC (NYSE: BT) new 7,500 share position
CENTENE CORPORATION (NYSE:... More

Trading Radar for 5/17: Home Depot (HD), Harvest Natural Resources (HNR), TJX Cos. (TJX), Netlist (NLST) Report

May 16, 2016 2:14 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

CPI - Street sees 0.3%Core CPI - Street sees 0.2%Housing Starts - Street sees 1.135kBuilding Permits - 1.130k

9:15am EDT

Industrial Production - Street sees 0.2%Capacity... More

Volatility elevated in AAPL on Buffett $1B investment, XLE as oil trades above $47.50 and HD into EPS

May 16, 2016 11:54 AM EDT

Apple (NASDAQ: AAPL) up 3.33% to $93.52 on Berkshire Hathaway (BRK.B) 13F shows new 9.8M stake. 30-day call option implied volatility is at 22, compared to a one-month ago level of 28.

Energy Select Sector SPDR (NYSE: XLE) up... More

Home Depot (HD) calls more active than puts on elevated May call volatility elevated into Q1

May 16, 2016 10:38 AM EDT

Home Depot (NYSE: HD) May call option implied volatility is at 47, June is at 24; compared to its 52-week range of 15 to 38 with a call put call of three to one into the expected release of Q1 results on May 17.

... More

Apple, energy shares shine as Wall Street rallies

May 16, 2016 7:35 AM EDT

By Lewis Krauskopf

(Reuters) - Wall Street rallied sharply on Monday, juiced by a jump in Apple shares and gains from energy stocks that were backed by stronger oil prices.

Apple (NASDAQ: AAPL) shares finished up 3.7 percent after Warren Buffett's Berkshire Hathaway reported a stake worth about $1 billion in the iPhone maker. The stock, which had lost about one-fifth of its value in the past month, gave the biggest boost to the three indexes.

The S&P energy sector gained 1.6 percent as oil prices hit six-month highs. Crude... More