Lowe’s (LOW), Home Depot (HD), Ross Stores (ROST), Zynga (ZNGA), TJX Cos (TJX) and Aaron’s Inc. (AAN) getting new coverage from analysts.
Collins Stewart initiated coverage on Lowe’s (LOW). They have a "Neutral" rating on the company.
Collins Stewart initiated coverage on Home Depot (HD). They have a "Neutral" rating on the company.
Collins Stewart initiated coverage on Ross Stores (ROST). They have a "Buy" rating on the company.
Wedbush initiated coverage on Zynga (ZNGA). They have an "Outperform" rating on the company.
Collins Stewart initiated coverage on TJX Cos (TJX). They have a "Buy" rating on the company.
Collins Stewart initiated coverage on Aaron’s Inc. (AAN). They have a "Buy" rating on the company.
Showing posts with label Home Depot. Show all posts
Showing posts with label Home Depot. Show all posts
Tuesday, December 20, 2011
Thursday, November 17, 2011
Casey’s (CASY) (COO) (NBL) (DKS) (NYSE: HD) Ratings, Price Targets
Casey’s General (NASDAQ: CASY), The Cooper Companies, Inc. (NYSE: COO), Noble Energy (NYSE: NBL), Dick’s Sporting Goods (NYSE: DKS) and Home Depot (NYSE: HD) ratings and price targets updates from analysts.
Casey’s General (CASY) had its price target raised by RBC Capital from $49.00 to $53.00. They have a “Sector Perform” rating on the company.
The Cooper Companies, Inc. (COO) had its price target lowered by Morgan Keegan to $75.00.
Noble Energy (NBL) had its price target raised by RBC Capital from $112.00 to $118.00. They have an “Outperform” rating on the company.
Dick’s Sporting Goods (DKS) had its price target raised by Canaccord Genuity from $43.00 to $50.00. They have a “Buy” rating on the company.
Home Depot (HD) had its price target raised by UBS AG (NYSE:UBS) from $40.00 to $44.00. They have a “Buy” rating on the company.
Casey’s General (CASY) had its price target raised by RBC Capital from $49.00 to $53.00. They have a “Sector Perform” rating on the company.
The Cooper Companies, Inc. (COO) had its price target lowered by Morgan Keegan to $75.00.
Noble Energy (NBL) had its price target raised by RBC Capital from $112.00 to $118.00. They have an “Outperform” rating on the company.
Dick’s Sporting Goods (DKS) had its price target raised by Canaccord Genuity from $43.00 to $50.00. They have a “Buy” rating on the company.
Home Depot (HD) had its price target raised by UBS AG (NYSE:UBS) from $40.00 to $44.00. They have a “Buy” rating on the company.
Wednesday, November 16, 2011
Jarden (JAH) (ICE) (HD) (IPG) (ITRI) Price Targets Changed
Jarden Co. (NYSE: JAH), IntercontinentalExchange (NYSE: ICE), Home Depot (NYSE: HD), Interpublic Group of Companies, Inc. (NYSE: IPG) and Itron, Inc. (NASDAQ: ITRI) had price targets on them adjusted by analysts.
Jarden Co. (JAH) had its price target raised by Oppenheimer to $44.00. They have an “Outperform” rating on the company.
IntercontinentalExchange (ICE) had its price target raised by UBS AG (NYSE:UBS) to $145.00.
Home Depot (HD) had its price target raised by Oppenheimer to $47.00.
Interpublic Group of Companies, Inc. (IPG) had its price target raised by Morgan Stanley (NYSE:MS) to $12.00.
Itron, Inc. (ITRI) had its price target lowered by Jefferies (NYSE:JEF) to $46.00. They have a “Buy” rating on the company.
Jarden Co. (JAH) had its price target raised by Oppenheimer to $44.00. They have an “Outperform” rating on the company.
IntercontinentalExchange (ICE) had its price target raised by UBS AG (NYSE:UBS) to $145.00.
Home Depot (HD) had its price target raised by Oppenheimer to $47.00.
Interpublic Group of Companies, Inc. (IPG) had its price target raised by Morgan Stanley (NYSE:MS) to $12.00.
Itron, Inc. (ITRI) had its price target lowered by Jefferies (NYSE:JEF) to $46.00. They have a “Buy” rating on the company.
Tuesday, November 8, 2011
Home Depot (HD) (ICUI) (LL) (RBCN) (TOL) Upgraded
Home Depot (NYSE: HD), ICU Medical, Incorporated (NASDAQ: ICUI), Lumber Liquidators (NYSE: LL), Rubicon Technology, Inc. (NASDAQ: RBCN) and Toll Brothers, Inc. (NYSE: TOL) were upgraded by analysts.
Home Depot (HD) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $42.00 on the company, up from $38.00.
ICU Medical, Incorporated (ICUI) was upgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Strong Buy” rating.
Lumber Liquidators (LL) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $19.00 on the company.
Rubicon Technology, Inc. (RBCN) was upgraded by RBC Capital from a “Neutral” rating to a “Buy” rating. They have a price target of $15.00 on the company.
Toll Brothers, Inc. (TOL) was upgraded by Citigroup (NYSE:C) from a “Neutral” rating to a “Buy” rating. They have a price target of $21.00 on the company.
Home Depot (HD) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $42.00 on the company, up from $38.00.
ICU Medical, Incorporated (ICUI) was upgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Strong Buy” rating.
Lumber Liquidators (LL) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $19.00 on the company.
Rubicon Technology, Inc. (RBCN) was upgraded by RBC Capital from a “Neutral” rating to a “Buy” rating. They have a price target of $15.00 on the company.
Toll Brothers, Inc. (TOL) was upgraded by Citigroup (NYSE:C) from a “Neutral” rating to a “Buy” rating. They have a price target of $21.00 on the company.
Thursday, August 18, 2011
First Solar (FSLR) (WABC) (HD) (CELG) (PDCO) (CGV) Price Targets Changed
First Solar, Inc. (NASDAQ: FSLR), WestAmerica Bancorp. (NASDAQ: WABC), Home Depot (NYSE: HD), Celgene (NASDAQ: CELG), Patterson Companies Inc (NASDAQ: PDCO) and CGG Veritas (NYSE: CGV) had their price targets adjusted by analysts.
WestAmerica Bancorp (WABC) had its price target lowered by RBC Capital from $52.00 to $46.00. They have a “Sector Perform” rating on the company.
First Solar, Inc. (FSLR) had its price target lowered by Auriga from $168.00 to $154.00. They have a “Buy” rating on the company.
Home Depot (HD) had its price target raised by UBS AG (NYSE:UBS) from $38.00 to $40.00. They have a “Buy” rating on the company.
Celgene (CELG) had its price target raised by Summer Street Research from $67.00 to $71.00. They have a “Buy” rating on the company.
Patterson Companies Inc. (PDCO) had its price target lowered by UBS AG from $37.00 to $32.00. They have a “Neutral” rating on the company.
CGG Veritas (CGV) had its price target lowered by RBC Capital from $29.00 to $22.50. They have an “Outperform” rating on the company.
WestAmerica Bancorp (WABC) had its price target lowered by RBC Capital from $52.00 to $46.00. They have a “Sector Perform” rating on the company.
First Solar, Inc. (FSLR) had its price target lowered by Auriga from $168.00 to $154.00. They have a “Buy” rating on the company.
Home Depot (HD) had its price target raised by UBS AG (NYSE:UBS) from $38.00 to $40.00. They have a “Buy” rating on the company.
Celgene (CELG) had its price target raised by Summer Street Research from $67.00 to $71.00. They have a “Buy” rating on the company.
Patterson Companies Inc. (PDCO) had its price target lowered by UBS AG from $37.00 to $32.00. They have a “Neutral” rating on the company.
CGG Veritas (CGV) had its price target lowered by RBC Capital from $29.00 to $22.50. They have an “Outperform” rating on the company.
Saks (SKS) (ADI) (BAC) (TJX) (BLL) (HD) (JCP) EPS Estimates Changed
Saks Inc (NYSE: SKS), Analog Devices, Inc. (NYSE: ADI), Bank of America (NYSE: BAC), TJX Companies Inc (NYSE: TJX), Ball Co. (NYSE: BLL), Home Depot (NYSE: HD) and J.C. Penney Company, Inc. (NYSE: JCP) EPS estimates adjusted by analysts.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Saks Inc. (SKS). They have a “Neutral” rating and a price target of $11.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on Analog Devices, Inc. (ADI). They have a “Neutral” rating and a price target of $42.00 on the company.
Credit Suisse cut its EPS estimates on Bank of America (BAC). They have an “Outperform” rating and a price target of $14.00 on the company.
Oppenheimer raised its EPS estimates on TJX Companies Inc. (TJX). They have a “Market Perform” rating on the company.
Jefferies (NYSE:JEF) raised its EPS estimates on Ball Co. (BLL). They have a “Buy” rating and a price target of $46.00 on the company.
Goldman Sachs raised its EPS estimates on Home Depot (HD). They have a “Buy” rating and a price target of $39.00 on the company.
Morgan Stanley (NYSE:MS) cut its EPS estimates on J.C. Penney Company, Inc. (JCP). They have an “Underweight” rating and a price target of $25.00 on the company.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Saks Inc. (SKS). They have a “Neutral” rating and a price target of $11.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on Analog Devices, Inc. (ADI). They have a “Neutral” rating and a price target of $42.00 on the company.
Credit Suisse cut its EPS estimates on Bank of America (BAC). They have an “Outperform” rating and a price target of $14.00 on the company.
Oppenheimer raised its EPS estimates on TJX Companies Inc. (TJX). They have a “Market Perform” rating on the company.
Jefferies (NYSE:JEF) raised its EPS estimates on Ball Co. (BLL). They have a “Buy” rating and a price target of $46.00 on the company.
Goldman Sachs raised its EPS estimates on Home Depot (HD). They have a “Buy” rating and a price target of $39.00 on the company.
Morgan Stanley (NYSE:MS) cut its EPS estimates on J.C. Penney Company, Inc. (JCP). They have an “Underweight” rating and a price target of $25.00 on the company.
Tuesday, August 16, 2011
Lowe’s (LOW) (BBY) (CHS) (HD) (PSUN) (TSCO) (TWC) Price Targets Changed
Lowe’s (NYSE: LOW), Best Buy Co., Inc. (NYSE: BBY), Chico’s (NYSE: CHS), Home Depot (NYSE: HD), Pacific Sunwear of California, Inc. (NASDAQ: PSUN), Tractor Supply Co. (NASDAQ: TSCO) and Time Warner Cable (NYSE: TWC) price targets adjusted by analysts.
Lowe’s (LOW) had its price target lowered by Barclays Capital from $26.00 to $23.00. They have an “Equal Weight” rating on the company.
Best Buy Co., Inc. (BBY) had its price target lowered by Barclays Capital from $32.00 to $27.00. They have an “Equal Weight” rating on the company.
Chico’s (CHS) had its price target lowered by Barclays Capital from $16.00 to $13.00. They have an “Equal Weight” rating on the company.
Home Depot (HD) had its price target lowered by Barclays Capital from $41.00 to $34.00. They have an “Overweight” rating on the company.
Pacific Sunwear of California, Inc. (PSUN) had its price target lowered by Barclays Capital from $4.00 to $2.00. They have an “Equal Weight” rating on the company.
Tractor Supply Co. (TSCO) had its price target lowered by Barclays Capital from $78.00 to $69.00. They have an “Overweight” rating on the company.
Time Warner Cable (TWC) had its price target lowered by Wunderlich from $80.00 to $75.00. They have a “Hold” rating on the company.
Lowe’s (LOW) had its price target lowered by Barclays Capital from $26.00 to $23.00. They have an “Equal Weight” rating on the company.
Best Buy Co., Inc. (BBY) had its price target lowered by Barclays Capital from $32.00 to $27.00. They have an “Equal Weight” rating on the company.
Chico’s (CHS) had its price target lowered by Barclays Capital from $16.00 to $13.00. They have an “Equal Weight” rating on the company.
Home Depot (HD) had its price target lowered by Barclays Capital from $41.00 to $34.00. They have an “Overweight” rating on the company.
Pacific Sunwear of California, Inc. (PSUN) had its price target lowered by Barclays Capital from $4.00 to $2.00. They have an “Equal Weight” rating on the company.
Tractor Supply Co. (TSCO) had its price target lowered by Barclays Capital from $78.00 to $69.00. They have an “Overweight” rating on the company.
Time Warner Cable (TWC) had its price target lowered by Wunderlich from $80.00 to $75.00. They have a “Hold” rating on the company.
Wednesday, May 18, 2011
Price Targets on (HPQ) (DELL) (HD) (PCG) (PLAB) Updated
Price Targets on Hewlett-Packard (NYSE: HPQ), Dell Inc. (NASDAQ: DELL), Home Depot (NYSE: HD), PG&E Co. (NYSE: PCG) and Photronics, Inc. (NASDAQ: PLAB) updated by analysts.
RBC Capital cut their price target on Hewlett-Packard (HPQ) from $56.00 to $46.00. They have an “outperform” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Dell Inc. (DELL) to $19.50.
Piper Jaffray (NYSE:PJC) raised their price target on Home Depot (HD) to $39.00.
Jefferies (NYSE:JEF) raised their price target on PG&E Co. (PCG) to $51.00.
Needham & Company raised their price target on Photronics, Inc. (PLAB) from $11.00 to $13.00. They have a “buy” rating on the company.
RBC Capital cut their price target on Hewlett-Packard (HPQ) from $56.00 to $46.00. They have an “outperform” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Dell Inc. (DELL) to $19.50.
Piper Jaffray (NYSE:PJC) raised their price target on Home Depot (HD) to $39.00.
Jefferies (NYSE:JEF) raised their price target on PG&E Co. (PCG) to $51.00.
Needham & Company raised their price target on Photronics, Inc. (PLAB) from $11.00 to $13.00. They have a “buy” rating on the company.
Ratings on (HD) (HPQ) (INSP) (INXN) (IPGP) Reiterated
Ratings on Home Depot (NYSE: HD), Hewlett-Packard (NYSE: HPQ), Infospace Inc (NASDAQ: INSP), InterXion Holding (NASDAQ: INXN) and IPG Photonics Co. (NASDAQ: IPGP) reiterated by analysts.
JPMorgan Chase & Co. (NYSE:JPM) reiterated an “overweight” rating on Home Depot (HD).
Sterne Agee reiterated a “buy” rating on Hewlett-Packard (HPQ).
Benchmark Co. reiterated a “buy” rating on Infospace Inc (INSP). They have a price target of $11.00 on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on InterXion Holding (INXN).
Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on IPG Photonics Co. (IPGP).
JPMorgan Chase & Co. (NYSE:JPM) reiterated an “overweight” rating on Home Depot (HD).
Sterne Agee reiterated a “buy” rating on Hewlett-Packard (HPQ).
Benchmark Co. reiterated a “buy” rating on Infospace Inc (INSP). They have a price target of $11.00 on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on InterXion Holding (INXN).
Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on IPG Photonics Co. (IPGP).
Ratings on (BA) (CWTR) (DELL) (GCO) (HD) Reiterated
Ratings on The Boeing Company (NYSE: BA), Coldwater Creek Inc. (NASDAQ: CWTR), Dell Inc. (NASDAQ: DELL), Genesco Inc (NYSE: GCO) and Home Depot (NYSE: HD) reiterated by analysts.
Wedbush reiterated an “outperform” rating on The Boeing Company (BA). They have a price target of $91.00 on the company.
Jefferies (NYSE:JEF) reiterated a “buy” rating on Coldwater Creek Inc. (CWTR).
Bank of America (NYSE:BAC) reiterated a “buy” rating on Dell Inc. (DELL).
Sterne Agee reiterated a “buy” rating on Genesco Inc (GCO).
Wall Street Strategies reiterated a “buy” rating on Home Depot (HD). They have a price target of $44.00 on the company.
Wedbush reiterated an “outperform” rating on The Boeing Company (BA). They have a price target of $91.00 on the company.
Jefferies (NYSE:JEF) reiterated a “buy” rating on Coldwater Creek Inc. (CWTR).
Bank of America (NYSE:BAC) reiterated a “buy” rating on Dell Inc. (DELL).
Sterne Agee reiterated a “buy” rating on Genesco Inc (GCO).
Wall Street Strategies reiterated a “buy” rating on Home Depot (HD). They have a price target of $44.00 on the company.
Tuesday, May 17, 2011
Ratings on (HD) (HT) (INXN) (KMX) (MDR) Reiterated
Ratings on Home Depot (NYSE: HD), Hersha Hospitality Trust (NYSE: HT), InterXion Holding (NASDAQ: INXN), CarMax, Inc (NYSE: KMX) and McDermott International (NYSE: MDR) were reiterated by analysts.
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on Home Depot (HD). They now have a price target of $38.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on Hersha Hospitality Trust (HT). They have a price target of $7.50 on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on InterXion Holding (INXN). They have a price target of $17.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on CarMax, Inc (KMX). They have a price target of $35.00 on the company.
Citigroup reiterated a “buy” rating on McDermott International (MDR). They have a price target of $33.50 on the company.
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on Home Depot (HD). They now have a price target of $38.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on Hersha Hospitality Trust (HT). They have a price target of $7.50 on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on InterXion Holding (INXN). They have a price target of $17.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on CarMax, Inc (KMX). They have a price target of $35.00 on the company.
Citigroup reiterated a “buy” rating on McDermott International (MDR). They have a price target of $33.50 on the company.
Ratings on (ESV) (CTRP) (GME) (HD) (HERO) Reiterated
Ratings on ENSCO PLC (NYSE: ESV), Ctrip.com International, Ltd. (NASDAQ: CTRP), GameStop Corp (NYSE: GME), Home Depot (NYSE: HD) and Hercules Offshore, Inc. (NASDAQ: HERO) were reiterated by analysts.
Duncan Williams reiterated a “strong buy” rating on ENSCO PLC (ESV). They have a price target of $68.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on Ctrip.com International, Ltd. (CTRP).
Sterne Agee reiterated a “buy” rating on GameStop Corp (GME).
Goldman Sachs (NYSE:GS) reiterated a “buy” rating on Home Depot (HD).
Duncan Williams reiterated a “strong buy” rating on Hercules Offshore, Inc. (HERO). They have a price target of $10.50 on the company.
Duncan Williams reiterated a “strong buy” rating on ENSCO PLC (ESV). They have a price target of $68.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on Ctrip.com International, Ltd. (CTRP).
Sterne Agee reiterated a “buy” rating on GameStop Corp (GME).
Goldman Sachs (NYSE:GS) reiterated a “buy” rating on Home Depot (HD).
Duncan Williams reiterated a “strong buy” rating on Hercules Offshore, Inc. (HERO). They have a price target of $10.50 on the company.
Tuesday, April 5, 2011
Wal-Mart (WMT) Looking to Major Appliances for Revenue Boost
In a move to increase same-store sales, Wal-Mart (NYSE:WMT) is again considering selling major appliances through its thousands of outlets, starting in Texas in 2011 to see how it goes.
Since Wal-Mart is a low-margin discount retailer, this may not be a bad idea, as they operate on turning over inventory rather than gross margins, as other stores do.
Appliances are notorious for being low-margin items, and this would be nod toward boosting revenue, although higher turnover would boost earnings if that's how it works out for them, as it does with other products.
The pilot program in Texas will start off with appliance from General Electric (NYSE:G), which will launch at over 100 stores in the Lone Star State in the beginning.
Companies that could be hurt by this include appliance majors like Lowes (NYSE:LOW), Sears (NASDAQ:SHLD) and Home Depot (NYSE:HD).
Questions on how Wal-Mart would sale the items, along with whether or not it would have to change its model in that department (as customers usually are more prone to want questions answered with these items) and have more trained people in that regard.
Sales questions would be related to if they would decide to offer financing or not, although some pretty expensive TVs and computers fly out the door, so that may not be an issue for them.
Wal-Mart closed Monday at $52.65, gaining $0.52, or 1.00 percent.
Since Wal-Mart is a low-margin discount retailer, this may not be a bad idea, as they operate on turning over inventory rather than gross margins, as other stores do.
Appliances are notorious for being low-margin items, and this would be nod toward boosting revenue, although higher turnover would boost earnings if that's how it works out for them, as it does with other products.
The pilot program in Texas will start off with appliance from General Electric (NYSE:G), which will launch at over 100 stores in the Lone Star State in the beginning.
Companies that could be hurt by this include appliance majors like Lowes (NYSE:LOW), Sears (NASDAQ:SHLD) and Home Depot (NYSE:HD).
Questions on how Wal-Mart would sale the items, along with whether or not it would have to change its model in that department (as customers usually are more prone to want questions answered with these items) and have more trained people in that regard.
Sales questions would be related to if they would decide to offer financing or not, although some pretty expensive TVs and computers fly out the door, so that may not be an issue for them.
Wal-Mart closed Monday at $52.65, gaining $0.52, or 1.00 percent.
Thursday, March 31, 2011
Retailers (WMT) (JCP) (M) (HD) (TGT) (LOW) (ODP) All Down on Inflation Expectations
The CEO of Wal-Mart (NYSE:WMT), Bill Simon, said in an interview with USA Today that he sees inflation having an impact on price in the latter part of 2011, causing retailers like JC Penney (NYSE:JCP), Home Depot (NYSE:HD), Target (NYSE:TGT), Lowe's (NYSE:LOW), Macy's (NYSE:M) and Office Depot (NYSE:ODP) to all fall.
Food companies have already had to begin to endure the higher prices, as input costs rise as food demand surges around the world. In that case the companies have responded more by lowering the amount of product in some packaging, rather than raising prices or suffering the loss of margins and earnings.
Of course general retailers, for the most part, don't have that luxury, and so will be force to raise prices or allow earnings to underperform, something most will most likely not be willing to allow to happen.
Bottom line is it appears in an environment of higher fuel costs retailers will have to boost prices, making it a difficult time for the overall sector going forward, in an a price sensitive situation.
Food companies have already had to begin to endure the higher prices, as input costs rise as food demand surges around the world. In that case the companies have responded more by lowering the amount of product in some packaging, rather than raising prices or suffering the loss of margins and earnings.
Of course general retailers, for the most part, don't have that luxury, and so will be force to raise prices or allow earnings to underperform, something most will most likely not be willing to allow to happen.
Bottom line is it appears in an environment of higher fuel costs retailers will have to boost prices, making it a difficult time for the overall sector going forward, in an a price sensitive situation.
Tuesday, March 29, 2011
AK Steel (NYSE:AKS), Home Depot (NYSE:HD) Posting Gains Today
Shares of AK Steel (NYSE:AKS) and Home Depot (NYSE:HD) are up today, helping to balance the impact of the news Standard & Poor’s downgraded the credit ratings of Portugal and Greece.
AK Steel rose over 4 percent after SAC Capital Advisors LP reported a 4.8 percent stake in the company.
Home Depot was up over 2 percent on news the largest U.S. home-improvement retailer sold $2 billion in bonds to raise cash and finance buybacks.
Home Depot was trading at $37.45, gaining $0.80, or 2.18 percent, as of 1:00 PM EDT. AK Steel was at $16.34, rising $0.73, or 4.68 percent.
AK Steel rose over 4 percent after SAC Capital Advisors LP reported a 4.8 percent stake in the company.
Home Depot was up over 2 percent on news the largest U.S. home-improvement retailer sold $2 billion in bonds to raise cash and finance buybacks.
Home Depot was trading at $37.45, gaining $0.80, or 2.18 percent, as of 1:00 PM EDT. AK Steel was at $16.34, rising $0.73, or 4.68 percent.
Thursday, March 17, 2011
Retailers Wal-Mart (WMT) (TGT) (BBY), (HD) (SHLD) Using Government to Attack Amazon (AMZN)
Amazon (NASDAQ:AMZN) is under ferocious attack by competitors like Wal-Mart (NYSE:WMT), Target Corp. (NYSE:TGT), Best Buy (NYSE:BBY), Home Depot (NYSE:HD) and Sears (NYSE:SHLD) who are working with the government in an attempt force the online retailer to collect state taxes even though they don't have a physical presence in a state.
The giant retailer is working within the confines of existing law according to a 1992ruling of the U.S. Supreme Court.
There are two major things happening here. One, is Amazon.com has created a better business model and its competitors know it. They've been battling for years to use the government to force Amazon to collect sales tax in states because of that.
Also involved is the strong affiliate program run by Amazon, which its competitors has been unsuccessfully trying to duplicate for years. They're using the current economic crisis and out-of-control spending by federal and state governments, seeing Amazon is vulnerable at this time.
secondly, it doesn't deal with the issue at all of government spending which swept Republicans into the House in the last election. The people have said they want government to be smaller and limited by their vote, and so far politicians, including most of the Republicans voted in, refuse to take that mandate and deal with the outrageous and unsustainable pet projects and programs they have distributed to people in order to garner votes.
Amazon is just a distraction to make it appear it's somehow their fault that state budget in particular are falling short.
The solution is simple: cut spending. Cut programs. Europe has had to get involved with austerity for the very reason they can't afford it. How hard is that to understand?
We should all support Amazon.com and the attack on its fantastic business model which has helped it become a premiere retailer.
As usual, a group called the Alliance for Main Street Fairness to battle the Amazon monster, and whenever you hear fairness in a name, you can be sure it's a lie, as business is built on competition and offering something better than someone else at a price people are willing to pay.
There's nothing fair about business, it's meant to operate in a competitive atmosphere where the better companies win, which make the consumer a winner.
Amazon.com has done that, and the ferocity of the attack on them by their competitors using the government as a rod against them shows how desperate they are, and reaffirms the business model the company uses. No one should be allowed to take that away from them.
As for politicians, they need to get their act together and cut taxes and spending, not attempt to destroy one of the great businesses created of the last couple of decades.
The giant retailer is working within the confines of existing law according to a 1992ruling of the U.S. Supreme Court.
There are two major things happening here. One, is Amazon.com has created a better business model and its competitors know it. They've been battling for years to use the government to force Amazon to collect sales tax in states because of that.
Also involved is the strong affiliate program run by Amazon, which its competitors has been unsuccessfully trying to duplicate for years. They're using the current economic crisis and out-of-control spending by federal and state governments, seeing Amazon is vulnerable at this time.
secondly, it doesn't deal with the issue at all of government spending which swept Republicans into the House in the last election. The people have said they want government to be smaller and limited by their vote, and so far politicians, including most of the Republicans voted in, refuse to take that mandate and deal with the outrageous and unsustainable pet projects and programs they have distributed to people in order to garner votes.
Amazon is just a distraction to make it appear it's somehow their fault that state budget in particular are falling short.
The solution is simple: cut spending. Cut programs. Europe has had to get involved with austerity for the very reason they can't afford it. How hard is that to understand?
We should all support Amazon.com and the attack on its fantastic business model which has helped it become a premiere retailer.
As usual, a group called the Alliance for Main Street Fairness to battle the Amazon monster, and whenever you hear fairness in a name, you can be sure it's a lie, as business is built on competition and offering something better than someone else at a price people are willing to pay.
There's nothing fair about business, it's meant to operate in a competitive atmosphere where the better companies win, which make the consumer a winner.
Amazon.com has done that, and the ferocity of the attack on them by their competitors using the government as a rod against them shows how desperate they are, and reaffirms the business model the company uses. No one should be allowed to take that away from them.
As for politicians, they need to get their act together and cut taxes and spending, not attempt to destroy one of the great businesses created of the last couple of decades.
Wednesday, March 9, 2011
Apple (AAPL) Sales Soaring in China
After failing in its first attempt to penetrate the Chinese market, Apple (NASDAQ:AAPL) made the needed adjustments and sales are soaring for the giant tech company.
A year later, its Shanghai’s flagship store is reportedly the most profitable per square foot in the world. There are now waiting lists to buy iPads and iPhones, even though they sell for 30 percent more than in America.
What happened? What did Apple do to turn around its operations when other foreign retailers like Best Buy (NYSE:BBY) and Home Depot (NYSE:HD) had to retreat from the market?
Originally, Apple waited too long to get the iPhone into the market. By the time the iPhone officially sold there, early adopters had already bought around 2 million cracked versions smuggled in from the U.S. and Hong Kong.
So for the iPad, Apple used a different tack. Instead of waiting years as it did with the iPhone, Apple waited only months after it came out in the U.S. to launch the iPad in China. Consumers did not feel the need to travel abroad to shop when they knew products were coming to them soon.
Apple closed Tuesday at $355.76, gaining $0.40, or 0.11 percent.
Source
A year later, its Shanghai’s flagship store is reportedly the most profitable per square foot in the world. There are now waiting lists to buy iPads and iPhones, even though they sell for 30 percent more than in America.
What happened? What did Apple do to turn around its operations when other foreign retailers like Best Buy (NYSE:BBY) and Home Depot (NYSE:HD) had to retreat from the market?
Originally, Apple waited too long to get the iPhone into the market. By the time the iPhone officially sold there, early adopters had already bought around 2 million cracked versions smuggled in from the U.S. and Hong Kong.
So for the iPad, Apple used a different tack. Instead of waiting years as it did with the iPhone, Apple waited only months after it came out in the U.S. to launch the iPad in China. Consumers did not feel the need to travel abroad to shop when they knew products were coming to them soon.
Apple closed Tuesday at $355.76, gaining $0.40, or 0.11 percent.
Source
Wednesday, February 23, 2011
Lowe's (LOW), Home Depot (HD), Toll Brothers (TOL) Down Even After Good Reports
Many investors consider results from the last quarter as largely looking in the rearview mirror, including those for Lowe's (LOW), Home Depot (HD) and Toll Brothers (TOL), which all exceeded expectations.
The crisis in the Middle East, ongoing concerns over the European sovereign debt crisis which never goes away, and rising inflation are among the factors weighing on markets.
This will be good for energy stocks for sure, as it appears the unrest in the Middle East has a long way to play out, which will especially be a boost to companies with strong crude exposure.
For those companies like Lowe's (LOW), Home Depot (HD) and Toll Brothers (TOL), it appears to underscore the fragility of the so-called recovery, and the economic jitters still being entertained by the majority of investors.
The crisis in the Middle East, ongoing concerns over the European sovereign debt crisis which never goes away, and rising inflation are among the factors weighing on markets.
This will be good for energy stocks for sure, as it appears the unrest in the Middle East has a long way to play out, which will especially be a boost to companies with strong crude exposure.
For those companies like Lowe's (LOW), Home Depot (HD) and Toll Brothers (TOL), it appears to underscore the fragility of the so-called recovery, and the economic jitters still being entertained by the majority of investors.
Friday, January 14, 2011
United Stationers (Nasdaq:USTR), Office Depot (NYSE:ODP), Home Depot (NYSE:HD) Top Retail Picks of FBR
FBR liked what they saw in general for hardline retailers in December, and released a report on a number of companies, of which their favorites are United Stationers (Nasdaq:USTR), Office Depot (NYSE:ODP) and Home Depot (NYSE:HD), all which they have an "Outperform" on.
FBR says, "Retail sales as reported by the census for hardlines (these companies do not report monthly comp store sales), were generally good for the categories we track in December, with all categories but one showing a sequential improvement in YOY trends. Most notable was Home Improvement (building materials, garden equipment and supplies dealers, NAICS 444) which was up +13.1% YOY. This was an acceleration from the +11.2% reported in October, and an improvement on a 3-year stacked basis. Consumer Electronics Sales (NAICS 443) improved to +1.8% YOY for the month of December, up from -0.4% in November. Based on the recent results and comments out of BBY & HGG (both included the month of December), as well as HD, the strength within this category was likely driven by appliances. Aftermarket Auto Parts were up +9.6% YOY, and this was up from +9.3% in November. So, the strength in after-market auto parts continues its pace. Home Furnishings were flat sequentially, at +1.4% YOY for the month of December. Strength in this category continues to be on the furniture side. Office Supplies (NAICS 4532) sales are reported on a one month lag, and these were up +7.7% in the month of November, up from -1.7% in October. While this category showed notable strength, it contradicts our channel checks, which have shown a slight deceleration in the month of November.
Those getting a "Market Perform" from FBR included Lowe's (NYSE:LOW), RadioShack (NYSE:RSH), Best Buy (NYSE:BBY), hhgregg (NYSE:HGG), OfficeMax (NYSE:OMX), AutoZone (NYSE:AZO), Advanced Auto (NYSE:AAP), and O'reilly (Nasdaq:ORLY).
Companies with an "Underperform" rating were Staples (Nasdaq:SPLS), Genuine Parts (NYSE:GPC), Tractor Supply (Nasdaq:TSCO), and Bed Bath & Beyond (Nasdaq:BBBY).
FBR says, "Retail sales as reported by the census for hardlines (these companies do not report monthly comp store sales), were generally good for the categories we track in December, with all categories but one showing a sequential improvement in YOY trends. Most notable was Home Improvement (building materials, garden equipment and supplies dealers, NAICS 444) which was up +13.1% YOY. This was an acceleration from the +11.2% reported in October, and an improvement on a 3-year stacked basis. Consumer Electronics Sales (NAICS 443) improved to +1.8% YOY for the month of December, up from -0.4% in November. Based on the recent results and comments out of BBY & HGG (both included the month of December), as well as HD, the strength within this category was likely driven by appliances. Aftermarket Auto Parts were up +9.6% YOY, and this was up from +9.3% in November. So, the strength in after-market auto parts continues its pace. Home Furnishings were flat sequentially, at +1.4% YOY for the month of December. Strength in this category continues to be on the furniture side. Office Supplies (NAICS 4532) sales are reported on a one month lag, and these were up +7.7% in the month of November, up from -1.7% in October. While this category showed notable strength, it contradicts our channel checks, which have shown a slight deceleration in the month of November.
Those getting a "Market Perform" from FBR included Lowe's (NYSE:LOW), RadioShack (NYSE:RSH), Best Buy (NYSE:BBY), hhgregg (NYSE:HGG), OfficeMax (NYSE:OMX), AutoZone (NYSE:AZO), Advanced Auto (NYSE:AAP), and O'reilly (Nasdaq:ORLY).
Companies with an "Underperform" rating were Staples (Nasdaq:SPLS), Genuine Parts (NYSE:GPC), Tractor Supply (Nasdaq:TSCO), and Bed Bath & Beyond (Nasdaq:BBBY).
Thursday, January 6, 2011
PetSmart (Nasdaq:PETM), Lowe's (NYSE:LOW), Staples (Nasdaq:SPLS), Home Depot (NYSE:HD), Dick's (NYSE:DKS) Top Hardline Retail Picks of Barclays
The momentum for hardline retail stocks like the top picks of Barclays: PetSmart (Nasdaq:PETM), Lowe's (NYSE:LOW), Staples (Nasdaq:SPLS), Home Depot (NYSE:HD) and Dick's (NYSE:DKS) are expected to continue into 2011.
Barclays said, "Following two years of strong performance for many of the hardline retail stocks (including an average 28% increase in 2010 and a 56% increase in 2009), we think that the momentum will persist in 2011. Most of the subsectors in the universe should benefit from a combination of stable consumption growth, operating expense leverage, and share repurchases. These factors should deliver mid-teens EPS growth for the average hardline retailer. Thus, the combination of healthy earnings expansion and reasonable valuations make this group look attractive."
"Our top picks for the coming year are PetSmart, Staples, Home Depot, Lowe's and Dick's: We believe that these names are best positioned to benefit from company-specific drivers, along with significant leverage to an economic recovery. Conversely, we believe LifeTime Fitness (NYSE:LTM) and Advanced Auto (NYSE:AAP) offer the least attractive risk-reward at the current levels."
Barclays said, "Following two years of strong performance for many of the hardline retail stocks (including an average 28% increase in 2010 and a 56% increase in 2009), we think that the momentum will persist in 2011. Most of the subsectors in the universe should benefit from a combination of stable consumption growth, operating expense leverage, and share repurchases. These factors should deliver mid-teens EPS growth for the average hardline retailer. Thus, the combination of healthy earnings expansion and reasonable valuations make this group look attractive."
"Our top picks for the coming year are PetSmart, Staples, Home Depot, Lowe's and Dick's: We believe that these names are best positioned to benefit from company-specific drivers, along with significant leverage to an economic recovery. Conversely, we believe LifeTime Fitness (NYSE:LTM) and Advanced Auto (NYSE:AAP) offer the least attractive risk-reward at the current levels."
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