The home improvement retailer plans to acquire Rona to enter the Canadian province.» Read More
Shares of one sector have tumbled, but fundamentals in the segment make the stocks appealing on weakness, a strategist said.
*Profit $1.20/ share vs est. Aug 19- Lowe's Cos Inc reported a lower-than-expected quarterly profit, hurt by higher costs and taxes, and the No.2 U.S. home improvement chain posted its slowest growth in same-store sales in five quarters. Demand was low also for exterior improvement items due to heavy rain in parts of the United States, analysts said.
Lowe's saw sales growth in large appliances as the housing industry regains strength.
Lowe's delivered quarterly earnings that fell short of analysts' expectations on Wednesday.
Aug 19- Lowe's Cos Inc, the No.2 U.S. home improvement chain, reported better-than-expected quarterly same-store sales, helped by higher demand for items such as appliances and outdoor power equipment. Larger rival Home Depot Inc also reported a stronger-than-expected rise in quarterly same-store sales on Tuesday, helped by increased home remodeling...
Aug 19- Lowe's Cos Inc, the No.2 U.S. home improvement chain, reported a 4.5 percent rise in quarterly sales as demand rose for products such as appliances and outdoor power equipment. The company's net income rose to $1.13 billion, or $1.20 per share, in the second quarter ended July 31 from $1.04 billion, or $1.04 per share, a year earlier. Net sales rose to $17.35...
CNBC Pro used technical and fundamental analysis to find the stocks that are primed to rally the most in the continuation of the housing recovery.
Improvements in the U.S. housing market is supporting growth at Home Depot, while Wal-Mart is bogged down by new investments, says Joseph Feldman, senior managing director at Telsey Advisory Group.
Daniel Binder, senior equity research analyst & MD at Jefferies & Co, discusses Wal-Mart's profit miss and explains whether the retailer's foray into e-commerce could be its turning point.
The "Halftime Report" traders give their trades for the second half.
Net sales $24.83 bln vs est. By Nandita Bose and Sruthi Ramakrishnan. Aug 18- An improving U.S. housing market helped Home Depot Inc beat quarterly sales forecasts on Tuesday, and the world's No. 1 home-improvement retailer lifted its full-year earnings and revenue forecasts.
A strong Q2 for Home Depot as the housing recovery continues.
Home Depot reported a better-than-expected rise in quarterly same-store sales, helped by a recovery in the U.S. housing market.
Aug 18- Home Depot Inc, the world's No. 1 home improvement retailer, reported a better-than-expected rise in quarterly same-store sales, helped by a recovery in the U.S. housing market. Demand for home improvement products was strong in the quarter due to growth in existing home sales, Wedbush Securities analyst Seth Basham wrote in a note ahead of the results.
Aug 18- Home Depot Inc, the world's No.1 home improvement chain by revenue, reported a 4.3 percent rise in quarterly net sales, helped by a recovery in the U.S. housing market. The company's net income rose to $2.23 billion, or $1.73 per share, in the second quarter ended Aug. 2 from $2.05 billion, or $1.52 per share, a year earlier. Net sales rose to $24.83 billion from...
Homebuilder stocks have surged ahead of the broader market this year, and "Fast Money" traders believe that run should continue.
Pimco: Housing bull
Lindsey Bell, Senior Analyst at S&P Capital IQ, explains why she's expecting a monthly increase of 0.3 percent.
Amazon is the latest in a long list of players to offer online home-maintenance services. Will it be good enough to hammer the competition?
John Lundgren, Stanley Black & Decker CEO, discusses his company's growth prospect; new tools entering the market, and a possible spinoff of its security business.