Home Depot is putting a lid on new-store openings and focusing its expansion efforts on e-commerce.» Read More
Home Depot is currently the worst-performing stock in the Dow Jones Industrial Average index. But the warehouse-style U.S. home-improvement retailer is getting a makeover.
It's a booyah-free zone. There goes Swifty!Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
She's dressed former First Ladies Nancy Reagan and Jackie Kennedy and is a favorite of starlet Renee Zellweger, but designer Carolina Herrera says she would like to do a mass-market line, much like the one her friend Vera Wang recently created for Kohl's.
Sallie Mae's potential buyers gave the nation's largest student lender until Tuesday to consider their reduced buyout offer in light of what they said was "the new economic and legislative environment that faces the company."
Activist investor Bill Ackman could help lift shareholder returns for Sears Holdings by pushing for asset disposals, even if sales at the U.S. retailer continue to decline.
During my two days reporting from the Miami area this week, I covered the gamut of stores. A Wal-Mart, a Target, a Whole Foods, a Starbucks and a slew of boutiques in the posh Lincoln Road shopping district. The one thing in common between all of the customers that we spoke with is that all were acutely aware of the housing problems in the area.
Retailer Lowe's warned on Monday that full-year profit could trail its prior forecast, saying dry conditions in some parts of the United States were hurting sales.
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
I'm really loving the fact that Dale Jr. will be driving the No. 88 car next year with Amp on his hood instead of Mountain Dew. When it was first rumored that "Little E" would shed Budweiser for Mountain Dew, I wasn't that excited. Why? Because Mountain Dew is already the fourth largest soda brand in the US, behind Coke, Pepsi and Diet Coke. If Earnhardt had Mountain Dew on his hood, we'd never know if he did anything for them. Like Budweiser, the brand was just too big before he arrived.
The cracks that are the basis for this rate cut started with poor lending practices in the housing market. Did Bernanke signal that he won’t standby and let the housing slump drag us into a recession? As a result, should housing stocks be back in the ‘buy’ column?
In a Fast Money first, viewers get the chance to hold the traders to the fire, grilling them on picks that haven’t paid.
Home Depot raised its fiscal-year earnings forecast slightly Monday after the home improvement retailer agreed to buy back 289.3 million shares of its common stock for $10.7 billion.
Like George Steinbrenner stocking his New York Yankees with All-stars, Cerberus Capital is loading Chrysler with big-time execs. The latest addition is Phil Murtaugh, who will run Chrysler's operation and expansion in China and India. In the last ten years, Murtaugh has carved out a reputation as the American who knows China and how to grow auto sales in that country.
Ace Hardware discovered an approximately $154 million shortfall on its books while preparing to convert from retailer-owned cooperative to for-profit corporation and likely will have to restate its financial results for the last five years, President and CEO Ray Griffith said Wednesday.
Home Depot expects no recovery in the U.S. housing market for the rest of 2007 and continued weakness into next year, Chief Executive Frank Blake said Wednesday.
Home improvement retailer Home Depot said Tuesday it expects to repurchase 289.6 million of its shares for $10.7 billion as a result of a tender offer, a little less than halfway towards its goal of buying back $22.5 billion in stock.
Here's some late day thoughts: 1) Those who are still doubtful that the Fed will--or should--cut rates at the Sept. 18th meeting should take a look at Martin Feldstein's speech at Jackson Hole over the weekend. Merrill Lynch noting that Feldstein, who is head of the National Bureau of Economic Research (the agency that determines when recessions start and end)...
Lower short-term bond prices are being seen as a sign of less fear by the Street, which is helping support stocks this morning. Trading desks falling all over themselves this morning advising clients on how to play the expected September volatility. After years where no one made money playing volatility, that is the big call.
The old adage on Wall Street is that corporate takeovers come roaring back from the sluggish summer months right after Labor Day. This time around that line of thinking may not hold up.
Traders are expecting lots of volatility in September around the Fed meeting, brokerage earnings reports, triple witching expiration, and an historically poor performance in September. In other words, lots of apprehension and few are expecting any real gains in the month ahead.