Shares of Home Depot (HD -4.06%) finished lower today as investors seemed to give a thumbs-down to its deal to buy SRS Distribution, a leading specialty-trade company that will help it expand its presence in the pro market.The stock closed down 4.1%. Home Depot makes a big moveHome Depot will acquire SRS Distribution for $18.25 billion, including debt, and will pay for the deal with cash on hand in debt.The move will expand Home Depot's addressable market by an estimated $50 billion, but the company said it ...

It’s an interesting time in the market, which may bode well for conservative ideas found among blue-chip stocks. Underlying this category are some of the strongest, most established businesses and brands in the world, making them ideal for addressing various anxieties.One of the biggest concerns centers on a recent outflow of funds from technology enterprises. In one week, this sector saw outflows amounting to $4.4 billion, a record tally. Further, investment-grade bonds saw significant inflows. Translation ...

Investing in the stock market works best when people adopt a truly long-term mindset. With a time horizon measured in decades, as opposed to days or months, investors can take advantage of the magic of compounding.Historically, the S&P 500 has produced an average annual return of about 10%, including dividends. But there are some businesses that have absolutely crushed that gain.In fact, $1,000 invested in one top retail stock at its initial public offering (IPO) in September 1981 would be worth nearly $32 ...

Home Depot on Thursday said it is acquiring SRS Distribution in a $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals.The home improvement retailer expects the deal to close this fiscal year, which ends in late January. It said it will finance the deal through cash on hand and debt.Home Depot already draws half of its business from pros, while the other half comes from do-it-yourself customers. With ...

Not every investor wants to own high-flying technology stocks. Some investors prefer a more conservative and stable approach when it comes to their stock market strategy, with the intention not necessarily being to take on the most risk to maximize returns.This is where dividend stocks can play a role. Businesses that pay dividends are typically industry leaders that report steady revenue and positive earnings regardless of the economic climate. They certainly have a place in some portfolios.If it's consist ...

It has been about a month since the last earnings report for Home Depot (HD) . Shares have added about 5.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Home Depot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Home Depot Q4 Earnings & Sales Beat Estimates, Dip ...

ATLANTA, March 21, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today announced that Richard McPhail, executive vice president and chief financial officer, will present at the 10th Annual J.P Morgan Retail Round-Up Conference. The presentation will begin at 9:00 a.m. ET on Thursday, April 4, 2024. The presentation will be webcast live at http://ir.homedepot.com/events-and-presentations. A link will be displayed under "Events and Presentations." The webcast will be arc ...

Despite rampant retail theft forcing many retailers to close their doors, Home Depot has reportedly reaffirmed its commitment to major U.S. cities such as Detroit, Philadelphia and Oakland, California.The home improvement retailer has been heavily investing in technology to combat the significant increase in organized retail crime that’s been seen over the past five years, Home Depot CEO Ted Decker told Bloomberg in a report posted Friday (March 15).In 2023 alone, Home Depot experienced over 142,000 instanc ...

It doesn't take a huge sum of money to get started in the stock market. Many investors even like to build up their positions over time -- for example, by buying in thirds. That way you can spread out your purchases and minimize the risk of buying at a market top.Dividend stocks are excellent candidates for a starter position of $1,000 or less. They tend to be stable businesses that can grow earnings through a wide range of selling environments. And you'll immediately benefit from the income that arrives thr ...

Home Depot said Thursday that it will open four new distribution centers as it chases more sales from remodelers, contractors and other home professionals. The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. The facilities make room for the bulky size, wider variety and larger orders of products that pros need, such as lumber, shingles and insulation, which then can be delivered directly to a job site. Each facility averages appro ...