Nomura Securities Reiterates Buy on Home Depot (HD) Following In-Line 2Q Report

Wedbush Remains Sidelined on Home Depot (HD) - PT to $145

August 17, 2016 9:19 AM EDT

Wedbush reiterated a Neutral rating on Home Depot (NYSE: HD), and raised the price target to $145.00 (from $140.00), following the company's 2Q earnings report. HD reported a solid 4.7% comp, just below consensus' 4.8% estimate.

Analyst Seth Basham commented, "HD delivered a solid, largely in-line quarter... More

Wall St. ends up slightly as Fed minutes show split over rate timing

August 17, 2016 7:26 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks ended slightly higher on Wednesday after minutes from the Federal Reserve's last policy meeting showed voting members divided over whether to raise interest rates soon.

While policymakers agree that more economic data is needed before raising rates, some expect a hike will be needed soon, according to the minutes from the U.S. central bank's July 26-27 policy meeting.

On Tuesday, stocks slipped after New York Fed President William Dudley said a rate hike as soon as September was possible given evidence of wage gains.

Shares of... More

Lowe's sales miss estimates as short spring hurts

August 17, 2016 6:35 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Home improvement chain Lowe's Cos Inc (NYSE: LOW) reported a lower-than-expected quarterly profit and cut its full-year earnings forecast, hurt by a shorter spring in the northern United States and fewer big-ticket purchases at its stores.

Lowe's shares were down 6.8 percent in late morning trading on Wednesday.

While Home Depot's sales got a big boost from big-ticket items such as appliances and roofing products, Lowe's reported average... More

Home Depot lifts profit forecast as housing market strengthens

August 16, 2016 6:07 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Home Depot Inc (NYSE: HD) reported a 9.3 percent rise in quarterly profit and boosted its full-year earnings forecast as it kept a tight lid on costs, while benefiting from a strong U.S. housing market.

Shares of the world's largest home improvement retailer were up 1 percent at $138.42 in early trading on Tuesday.

Home Depot and smaller rival Lowe's Cos Inc (NYSE: LOW) have benefited as consumers cut back spending on items such as apparel and accessories and instead... More

Home Depot (HD) Reports In-Line Q2 EPS; Boosts FY16 EPS Outlook

August 16, 2016 6:02 AM EDT

Home Depot (NYSE: HD) reported Q2 EPS of $1.97, in-line with the analyst estimate of $1.97. Revenue for the quarter came in at $26.5 billion versus the consensus estimate of $26.48 billion.

Comps rose 4.7 percent, which was flat with views.

Home Depot reaffirmed FY2016 sales and comps... More

Maverick Capital's 13F Shows New Stakes in Computer Sciences (CSC), Level 3 (LVLT), Philip Morris (PM), Increase in Comcast (CMCSA), Gilead (GILD) (More...)

August 15, 2016 3:32 PM EDT

Maverick Capital released its 13F for the quarter ending June 30 2016. Below is a summary.

New Stakes
ABERCROMBIE & FITCH CO. (NYSE: ANF) new 159,930 share position
BANCO MACRO S.A. (NYSE: BMA) new 18,560 share position
Baxter International Inc. (NYSE: BAX) new 73,700 share position
CBS Corp. (NYSE: CBS) new 57,620 share position
CHINA LODGE SP ADR (NASDAQ: HTHT) new 36,480 share position
Colgate-Palmolive (NYSE: CL) new 45,170 share position
COMPANHIA DE SANEAMENTO B SICO DO ESTADO DE SAO PAULO-SABESP ADS'S... More

Trading Radar for 8/16: Home Depot (HD), Dick's Sporting Goods (DKS), Urban Outfitters (URBN), TJX Cos. (TJX) Report

August 15, 2016 2:38 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 0.0%Core CPI - Street sees 0.2%Housing Starts - Street sees 1.167MBuilding Permits - Street sees 1.153M

9:15am... More

Halvorsen's Viking Global Boosts Facebook (FB), Alibaba (BABA) Stakes in Q2; Exits Pfizer (PFE), Home Depot (HD) - 13F

August 15, 2016 2:13 PM EDT

Andreas Halvorsen's Viking Global filed a 13F for Q216.

The fund showed new stakes in AIG, Microsoft, and Jazz Pharma, while it also boosted stakes in Biogen, Facebook, AON plc, and Alibaba.

Aetna, Alphabet, and Amazon were all lowered and the fund exited Pfizer, MetLife, and Home Depot.

New Stakes
American International Group, Inc. (NYSE: AIG) new 3,334,968 share position
CENTENE CORPORATION (NYSE: CNC) new 489,301 share position
CLOUD PEAK ENERGY, Inc. (NYSE: CLD) new 2,930,781 share position
GW PHARM SP ADS (NASDAQ: GWPH)... More

Home Depot (HD) August volatility at 37 as shares near record high into Q2 and outlook

August 15, 2016 1:18 PM EDT

Home Depot (NYSE: HD) August call option implied volatility is at 37, September is at 18; compared to its 52-week range of 21 to 60 into the expected release of Q2 results on August 16.

... More