Zachary Karabell, Head of Global Strategy for Envestnet and CNBC Contributor, and Kate Warne, Edward Jones Investment Strategist, discuss current concerns for investors in the markets and give their best ideas. » Read More
NEW YORK— A new report from the U.S. that showed Americans are snapping up homes at a pace not seen since the housing bust-fueled recession pushed the trading of shares of all companies affiliated with the sector into overdrive Tuesday. The Commerce Department reported that new home sales jumped 16.6 percent last month to a seasonally adjusted rate of 619,000,...
NEW YORK— Lowe's completed a $2.4 billion buyout of Canadian home improvement retailer Rona Inc., the company said Friday, one week after Canadian regulators signed off on the deal. Lowe's and rival Home Depot have seen sales boom in the midst of a strong recovery in the U.S. housing market. Lowe's Companies Inc. this week reported a 31 percent spike in...
Wal-Mart reports a higher-than-expected quarterly profit as sales in the U.S. market rose and the retailer kept a lid on costs.
A group of up-trending ETFs could be ready to move even higher, should analyst forecasts for the individual holdings come to fruition.
A choppy retail earnings season continued Wednesday, and "Fast Money" traders looked through the wreckage at how to play the sector.
Lowe's reports quarterly earnings and revenue that topped analysts' expectations.
Target on Wednesday reported a higher-than-expected quarterly profit, but sales at established stores came in below analysts' estimates.
U.S. stocks closed off session highs, with the Dow and S&P little changed after the release of the Fed minutes.
NEW YORK— New signs that interest rates may be heading higher sent stocks flitting between gains and losses Wednesday, but the major indexes ended up closing pretty much where they started. JPMorgan Chase jumped 4 percent and Goldman Sachs climbed 3 percent. "The Fed is clearly in the driver's seat" of the stock market, said Ernie Cecilia, chief investment officer...
Lowe's domestic comparable-sales growth topped Home Depot's for the first time since second quarter 2010.
U.S. stock-index futures traded flat to lower early on Tuesday, as European and Asian stocks declined amid renewed concerns the Federal Reserve may hike interest rates in the near-term.
Some of the names on the move ahead of the open.
The home improvement retailer released quarterly results that topped analysts' expectations.
It's a good report but not as good as the headline numbers suggest, says Brian Nagel, Oppenheimer & Company, breaking down Lowe's quarterly results. Also Nagel reexamines Home Depot's quarter but reiterates his positive outlook on the home improvement space.
NEW YORK— Lowe's reported surging first-quarter profits and comparable-store sales boomed in the midst of a strong recovery in the U.S. housing market. Lowe's profit jumped 31.4 percent to $884 million, or 98 cents per share. Lowe's and Home Depot are riding a robust housing construction rebound.
Home Depot reported a 9 percent rise in quarterly sales, saying that inconsistent weather drove demand across the board.
Amid the wreckage in the retail sector, is now the time to cherry-pick some of the names that may have been unfairly punished?
JPMorgan analyst Chris Horvers talks about Home Depot results and consumer spending.
CNBC's Mary Thompson reports on what’s moving markets this morning from the NYSE.
I tell clients Home Depot is a big, well-run, liquid play on the United States, says Brian Nagel, Oppenheimer & Co., breaking down the retailer's quarterly results and sharing his outlook on the company.