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Former Home Depot CEO sounds alarm on 'tremendous shift' in labor market
Fox Business· 2024-02-13 16:20
A former top corporate America executive is warning that the U.S. economy is not on a fast track to recovery, as higher inflation and more mass layoffs loom over markets. "The general population will not be duped by this aversion to try and blame inflation on corporate America. It starts at the raw materials, it starts at transportation, it starts at energy," former Home Depot and Chrysler CEO Bob Nardelli said on "Cavuto: Coast to Coast" Monday. "A whole host of things that are driving this up, wage increa ...
Home Depot (HD) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Zacks Investment Research· 2024-02-13 16:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Home Depot (HD) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 20, 2024, might help the stock move higher if these key numbers are better than expec ...
After Doubling in 5 Years, Home Depot May Be the Best Bargain for 2030 Returns
The Motley Fool· 2024-02-13 10:10
Investing in top-tier companies for five years or longer is a proven wealth-building strategy. Home Depot (HD 0.63%), the go-to spot for home-improvement needs, managed to double its market value in just five years despite facing some serious challenges. And its success story might just be getting started, making Home Depot an exciting pick for the next decade.Home Depot marries market resilience and growth potentialHome Depot has shaken up the home improvement game since it went public, becoming an ally fo ...
Home Depot (HD) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-02-12 23:51
In the latest market close, Home Depot (HD) reached $365.45, with a +0.63% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 0.3%.Prior to today's trading, shares of the home-improvement retailer had gained 2.09% over the past month. This has lagged the Retail-Wholesale sector's gain of 6.89% and the S&P 500's gain of 5.78% in that time.Investors will be eagerly watching for the ...
Should Investors Be Concerned About Home Depot's Multi-Billion Dollar Debt?
The Motley Fool· 2024-02-09 10:07
Home improvement specialist Home Depot (HD 0.28%) is one of the nation's largest retailers, a stalwart by almost any definition. It's also carrying a lot of debt: $37.5 billion in long-term liabilities as of the quarter ending Oct. 29. 2023.That's a lot -- but simply knowing the amount doesn't tell us if that much debt is good, bad, or indifferent. So let's take a closer look.How much debt does Home Depot have compared to its peers?I think "How much debt does Home Depot have" is actually the wrong question. ...
Home Depot (HD) Laps the Stock Market: Here's Why
Zacks Investment Research· 2024-02-06 23:51
Home Depot (HD) ended the recent trading session at $356.25, demonstrating a +0.31% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.23%. Elsewhere, the Dow saw an upswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.07%.Coming into today, shares of the home-improvement retailer had gained 2.07% in the past month. In that same time, the Retail-Wholesale sector gained 6.9%, while the S&P 500 gained 5.3%.Market participants will be closely following the ...
Lowe's Has Underperformed Rival Home Depot in 1 Key Metric for 15 Years. But It's Quickly Closing the Gap.
The Motley Fool· 2024-01-29 10:34
Home-improvement retailers Lowe's (LOW -0.05%) and The Home Depot are alike in many regards. However, for 15 years, Lowe's has trailed Home Depot significantly when it comes to profitability.There are different ways to measure profitability, but a particularly important one is a company's operating margin. This is the profit produced by core business operations, before other considerations such as taxes and interest are factored in.As the chart below shows, Home Depot's operating margin has been superior to ...
Home Depot And Lowe's: A Textbook Example Of Quality Vs. Value
Seeking Alpha· 2024-01-29 09:24
Joe Raedle/Getty Images NewsIntroduction Over the past two months, I wrote several articles covering what I would call "retail" or "brick and mortar" businesses, including Starbucks (SBUX), Dollarama Inc. (TSX:DOL:CA)(OTCPK:DLMAF), Costco Wholesale (COST) and Walmart (WMT). As a (early disclosure) shareholder of Home Depot (NYSE:HD), I want to keep up my coverage of these retail-type businesses and share my opinion on HD and its major competitor Lowe's Companies (NYSE:LOW) in this article. I will skip a ...
Just How Safe Is Lowe's Stock's Dividend?
24/7 Wall Street· 2024-01-28 15:57
Just How Safe Is Lowe's Stock's Dividend? Bruce Bennett / Getty Images News via Getty Images A key component of income investing is a portfolio that includes safe dividends, those that are unlikely to shrink or disappear. Recognizing when a dividend is stable and safe can be a challenge. Yet, certain metrics can offer clear signs for the investor looking to establish or shore up such a portfolio. What do these metrics tell us about the quarterly dividend at Lowe’s Companies Inc. (NYSE: LOW)?The most recen ...
Home Sales Tanked in 2023: Time to Buy Home Depot Stock?
The Motley Fool· 2024-01-28 15:30
While artificial intelligence (AI) stole all the attention in 2023, investors shouldn't ignore other areas of the economy. The situation with the housing market is one that might have implications for your portfolio.In 2023, home sales in the U.S. decreased 19% compared to the previous year, and this was after they had already fallen 18% in 2022. The culprit? In early 2022, the Federal Reserve embarked on an aggressive rate-hiking cycle that lasted through the summer of last year. The resulting higher mortg ...