-
Puts Purchased on The Sherwin-Williams Company
Tuesday, May 24, 2011 - 9:36am | 136Shares of The Sherwin-Williams Company (NYSE: SHW) are lower on the session by 0.76%, currently trading at $84.67. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
-
Lowe's Sets Plans to Hire up to 300 IT Professionals
Monday, May 23, 2011 - 11:11am | 26Lowe's Companies, Inc. (NYSE: LOW) today announced plans to hire up to 300 information technology professionals, including 150 new positions.
-
AT&T U-verse TV Premieres French Open Multiview
Monday, May 23, 2011 - 9:27am | 703For true tennis fans, there's only one way to enjoy all the action at the French Open this year — and that's watching multiple matches on up to four courts at once and choosing which to follow with the French Open Multiview on U-verse® TV. AT&T today announced the launch of AT&T U-verse TV'...
-
J.P. Morgan Maintains Overweight on The Home Depot (HD)
Wednesday, May 18, 2011 - 6:59am | 101J.P. Morgan is out with its report today on The Home Depot (NYSE: HD), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We continue to rate HD Overweight. With positive comps firmly in place after four years of negative trends (2006-2009), during which consumers under-invested in...
-
UPDATE: Piper Jaffray Raising Price Target On The Home Depot (HD)
Wednesday, May 18, 2011 - 6:44am | 129Piper Jaffray is raising its price target on shares of The Home Depot (NYSE: HD) to $38 from $39, and it has a Neutral rating on shares. In a note to clients, Piper Jaffray writes, "A late start to the spring selling season and lapping cash for appliances and the first-time buyer tax credit drove...
-
Jefferies Comments on Home Depot 1Q, Adjusts EPS Estimates
Wednesday, May 18, 2011 - 6:21am | 103Jefferies is providing a few comments on Home Depot (NYSE: HD) following the company's 1Q results. “EPS of $0.50 achieved on better expense controls despite softer sales. Full year sales guidance was in-line with prior guidance – we believe this anticipates a seasonal sales bounce after 1Q,”...
-
Piper Jaffray Raises PT On Home Depot To $39
Wednesday, May 18, 2011 - 5:08am | 28Piper Jaffray has raised the price target on The Home Depot (NYSE: HD) from $38 to $39 and maintains its Neutral rating.
-
Techs Drag 05-17-2011
Tuesday, May 17, 2011 - 5:28pm | 900Cusick's Corner The Bulls have the Buck, UUP, finishing the After Hours at the worst levels of the day. Tech, QQQQ, was the drag as earnings came in strong but forecasts were guided down for future quarters. Finance, XLF, finished the day at its best levels, taking some of the pressure off of the...
-
Wall Street Strategies Reiterates Home Depot Buy, $44 PT
Tuesday, May 17, 2011 - 2:54pm | 94Wall Street Strategies reiterated its Home Depot (NYSE: HD) Buy rating and $44 price target in a research report published today. In the report, Wall Street Strategies states, "Strangely, we may have underestimated the underlying momentum behind Home Depot's business in our pre-market note....
-
Big Blue Saves The Dow Jones Industrial Average
Tuesday, May 17, 2011 - 2:41pm | 310This afternoon the Dow Jones Industrial Average(DJIA) is the weakest stock index in the market. It is important to note, that while this index is the most highly followed index by the public the index consists of just 30 large cap blue chip stocks. The index is also a price cap weighted index and...
-
Watch the Zig-Zag 05-17-2011
Tuesday, May 17, 2011 - 2:28pm | 1011Cusick's Corner I do not like what I see -- too many stocks are slicing through mid-term support, 50 SMA, and the sector rotation is very defensive. In full disclosure I am working, not in yet, a neutral/bearish ratio spread in the S&Ps. The Bulls are on watch, neutral positioning that has...
-
Retail Stocks Flex Muscle Early
Tuesday, May 17, 2011 - 9:12am | 271This morning, the retail sector is the one area of the market that is holding up despite the early stock market declines. Many traders and investors have been buying retail stocks as the price of oil, and gasoline have declined. The Retail Holders Trust(NYSE: RTH) is trading higher this morning by...
-
Wall Street Strategies Comments on Home Depot
Tuesday, May 17, 2011 - 8:45am | 202Wall Street Strategies provided color on Home Depot (NYSE: HD) in a research report published today. In the report, Wall Street Strategies stressed that it continues to see Home Depot as a much more competitive company compared to its smaller rival Lowe's. Wall Street Strategies states, "The fear...
-
Earnings Roundup For May 17 (HD, TJX, WMT, HPQ, SKS, TSL, DKS, STV, VOD, SCEI, TSEM, CHUX, ITRN, GCAP)
Tuesday, May 17, 2011 - 8:06am | 1020Home Depot Inc (NYSE: HD) reported a 12% rise in its fiscal first-quarter net income and raised its earnings forecast for the fiscal year. The retailer reported its quarterly earnings at $812 million, or $0.50 per share, up from $725 million, or $0.43 per share, in the year-ago quarter. Its shares...
-
Deutsche Bank Maintains Hold on Home Depot (HD)
Tuesday, May 17, 2011 - 7:22am | 122Deutsche Bank is out with its report today on Home Depot (NYSE: HD), maintaining Hold after HD announced Q1 11 results. In a note to clients, Deutsche Bank writes, "Overall stock reaction is probably neutral with some possibility of a relief rally that it wasn't worse. Although a bit light on...