Home Improvement Retail

Goldman Sachs is out with its report today on The Home Depot (NYSE: HD), maintaining Buy. In a note to clients, Goldman Sachs writes, "SSS trends continue to suggest fundamental outperformance for HD, as its modest declines stand in contrast to bigger hits for LOW (NYSE: LOW) and SHLD (NASDAQ:...

In a report released this morning, J.P. Morgan focused on The Home Depot, Inc. (NYSE: HD), which it said is executing well. “As we have been consistently highlighting in our annual Spring trek around the country visiting HD and Lowe's Companies Inc. (NYSE: LOW) stores, Big Orange continues to out-...

Goldman Sachs is lowering its price target slightly on Lowe's Companies (NYSE: LOW), from $30 to $29, following the company's 1Q results. According to Goldman Sachs, “LOW's 1Q results and commentary suggest that a combination of macro challenges and potential company-specific issues persist,...

Piper Jaffray has lowered its price target on Lowe's Companies (NYSE: LOW) from $28 to $27 as Q1 sales fell short of expected. Says Piper Jaffray, in its report, “Difficult comparisons due to last year's cash for appliances along with challenging weather in several regions proved difficult to...

Pre-open movers US stock futures are higher this morning, as investors are awaiting industrial production and housing data. Futures on the Dow Jones Industrial Average surged 37 points to 12,546.00 and futures on the S&P 500 stock index rose 4.40 points to 1,330.00. Nasdaq 100 futures gained 5....

Citigroup has raised the price target on Lowe's (NYSE: LOW) from $26 to $28 and maintains its Hold rating.

Home 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...

US stock futures are higher this morning, as investors are awaiting industrial production and housing data, along with earnings reports from Hewlett-Packard Co (NYSE: HPQ) and Wal-Mart Stores Inc (NYSE: WMT). Futures on the Dow Jones Industrial Average surged 39 points to 12,548.00 and futures on...

Piper Jaffray has lowered the price target on Lowe's Companies (NYSE: LOW) from $28 to $27 and maintains its Neutral rating.

Saks Inc (NYSE: SKS) is estimated to post its Q1 EPS at $0.16 on revenue of $724.46 million. Home Depot Inc (NYSE: HD) is projected to report its Q1 earnings at $0.49 per share on revenue of $17.02 billion. Dick's Sporting Goods Inc (NYSE: DKS) is expected to report its Q1 earnings at $0.29 per...

Cusick's Corner Breach! Pressure mounts in Washington as the debt ceiling was breached (bad for the postal pension holders), sending the bond markets to their best levels. Government pension holders will be the backstop at least through the summer. In the commodity world, the floods along the...

Cusick's Corner The EU is still bogging down stocks and technically the challenge has been made to the Bulls. At this juncture this does not mean it's a trend change. The overall trend to the upside is intact unless there are some larger headlines (i.e. EU debt or Retail getting hit). The...

In a report by Wall Street Strategies, Brian Sozzi provides a valuation and ratings analysis on Lowe's (NYSE: LOW). “Lowe's encountered a three-headed beast in 1Q11; lag impact on consumer spending on home improvement goods from softening home values; unfavorable weather which appears to have...

Lowe's (NYSE: LOW) says, "tempers full-year profit forecast on higher gas costs... higher fuel prices crimping discretionary spending... homeowners `poised' to spend once gas prices abate... home price declines may extend into 2012."

Goldman Sachs is out with its report today on Lowe's Companies (NYSE: LOW), maintaining Neutral after LOW lowered 2011 guidance. In a note to clients, Goldman Sachs writes, "The firm cut 2011 guidance to a range of $1.56-$1.64 from a range of $1.60-$1.72, i.e. 4c at the low end, and 8c at the high...