Home Depot (HD) Tops Q3 EPS by 14c, Revenues Beat

Does vaccine promise put U.S. consumers in a shopping mood? Retailers may have clues

November 16, 2020 6:13 PM EST

By Caroline Valetkevitch

NEW YORK (Reuters) - As positive coronavirus vaccine news makes strategists more optimistic about the future for retailers, investors will look to earnings results and forecasts from these companies in the coming days for clues about consumer spending.

The thinking is that effective vaccines will "translate into positive performances for discretionary," said Sam Stovall, chief investment strategist for CFRA, which recently raised its recommendation on the S&P 500 consumer discretionary sector to overweight from market weight.

The pandemic and restrictions on businesses have added to revenue struggles for some traditional retailers like... More

Telsey Upgrades Home Depot (HD) to Outperform, Following Business Acquisition

November 16, 2020 3:20 PM EST

Telsey analyst Joseph I. Feldman upgraded Home Depot (NYSE: HD) from Market Perform to Outperform with a price target of $315.00 (from $300.00).

For an analyst ratings summary and ratings history on Home Depot click here. For more ratings news on Home Depot click here.

Shares of Home Depot closed at $277.17 yesterday.

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Home Depot (HD) calls more active than puts after acquisition of HD Supply (HDS) for $56 per share

November 16, 2020 10:46 AM EST

Home Depot (NYSE: HD) November call option implied volatility is at 38, December is at 27; compared to its 52-week range of 15 to 114 into the expected release of quarter results before the bell on November 17. Call put ratio 2.1 calls to 1 put after announcing the... More

Pre-Open Stock Movers 11/16: (FBM) (HDS) (MRNA) Higher; (CSPR) (SPCE) (ZM) Lower (more...)

November 16, 2020 9:25 AM EST

Today's Pre-Open Stock Movers:

Foundation Building Materials, Inc. (NYSE: FBM) 26.3% HIGHER; announced that it has entered into a definitive agreement under which an affiliate of American Securities LLC, a leading private equity firm, will acquire all outstanding shares of FBM for $19.25 per share in an all-cash transaction valued at approximately $1.37 billion, including outstanding debt.

HD Supply Holdings, Inc. (NYSE: HDS) 24.5% HIGHER; The Home Depot (NYSE: HD) entered into a definitive agreement to acquire HD... More

Home Depot to buy back HD Supply in $8 bilion deal

November 16, 2020 8:11 AM EST

(Reuters) - Home Depot Inc (NYSE: HD) said on Monday it would buy HD Supply Holdings Inc (NASDAQ: HDS) in a deal valued at about $8 billion, setting itself up to regain control over the industrial materials wholesaler after spinning it off over a decade ago.

The top U.S.... More

Home Depot (HD) to Acquire HD Supply Holdings (HDS) for $56 Per Share

November 16, 2020 8:00 AM EST

(Updated - November 16, 2020 8:01 AM EST)

The Home Depot®, the world's largest home improvement retailer, today announced it has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace.

"The MRO customer is highly valued by The Home Depot, and this acquisition will position the company to accelerate sales growth by better serving both existing and new customers in a highly fragmented $55 billion... More