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Bulls on the Loose 03-29-2011
Tuesday, March 29, 2011 - 6:12pm | 890Cusick's Corner Encouragement – that's what the market felt holding onto the gains of the Midday. This is also plays well into the bull spread strategies that I discussed a few Corners ago. Tomorrow's ADP data will be a potential catalyst for the bulls early in the session, plus if we see a...
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Market Shakes Off Disappointing Data 03-29-2011
Tuesday, March 29, 2011 - 6:11pm | 823Cusick's Corner While the data early in the session was disappointing, the market has shaken it off and the buyers did jump in on the pullback. Financials, XLF, are still mired in the red but Small Caps have taken off with Telecom and Tech. If we see that Financials do garner some momentum, the...
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Home Depot Jumps 3% (HD)
Tuesday, March 29, 2011 - 2:08pm | 70Home Depot (NYSE: HD) is one of the blue-chip leaders on Tuesday, rising 3% to $37.75. The company announced yesterday that it would be buying back $1 billion in stock through an accelerated buyback program. Investors are cheering the move, pushing up the stock on heavy volume. Around 11.3...
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Oppenheimer Comments On Home Depot Following Share Repurchase Announcement
Tuesday, March 29, 2011 - 8:29am | 125Oppenheimer looks very favorably upon the announcement from Home Depot (NYSE: HD) last night that the company will issue debt and repurchase more of its stock. Sales trends at HD have stabilized and begun to improve over the past several quarters. The chain remains in the early stages of recovery...
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Wall Street Strategies Raises HD PT To $44
Tuesday, March 29, 2011 - 8:23am | 74Wall Street Strategies has issued a report raising Home Depot's (NYSE: HD) Price Target from $43.00 to $44.00. According to the report, "Yesterday's announcement signals a transition in the Home Depot investment thesis from organic growth underlying the stock's performance to a compelling total...
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The Home Depot Trading Higher Today Pre-Market (HD)
Tuesday, March 29, 2011 - 7:46am | 41The Home Depot (NYSE: HD) is trading higher pre-market. At the time of posting, shares of HD were trading at $37.28, up 1.72% from Monday's close. HD announced it is buying back $1B in stock.
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Citi Reports On HD $1B Share Repurchase Program
Tuesday, March 29, 2011 - 7:21am | 119Citi has issued a report on Home Depot's (NYSE: HD) plan to refinance a debt maturity. According to Citi, "HD announced that it would issue $2B of new debt to refinance a $1B March 2011 debt maturity and repurchase $1B worth of shares through an accelerated share repurchase (ASR) agreement. We...
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Goldman Sachs Maintains Buy Rating, $43 PT On HD
Tuesday, March 29, 2011 - 6:27am | 112The Home Depot, Inc. (NYSE: HD) announced a $2 billion senior note issuance, made up of two $1 billion tranches – a 4.40% senior note due April 2011 and a 5.95% note due April 2041, Goldman Sachs reports. “Half of the issuance will be used to take out a $1 billion 5.20% senior note due in March...
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Deutsche Bank Comments On Home Depot After Buyback Announcement
Tuesday, March 29, 2011 - 6:17am | 182Home Depot (NYSE: HD) announced priced $2b in senior notes last night, planning to use $1b to replace existing debt that came due and the other $1b in an accelerated share repurchase. Deutsche Bank estimates that the reduction in shares will be accretive by $0.02 in 2011 and $0.04 in 2012, assuming...
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The Home Depot Announces $2 Billion Senior Note Issuance and $1 Billion Accelerated Share Repurchase Program
Monday, March 28, 2011 - 4:30pm | 192The Home Depot (NYSE: HD), the world's largest home improvement retailer, today announced the pricing of a $2 billion senior note issuance. Net proceeds from the financing will be used to refinance $1 billion of senior notes that came due in March 2011 and to repurchase $1 billion of outstanding...
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Today's Winners and Losers Within the Russell Microcap Index (NEXS, IBCP, URRE, APP, CPWM, LEI)
Friday, March 25, 2011 - 9:44am | 634The following is a list of today's winners and losers within the Russell Microcap Index. Winners Shares of Nexxus (NasdaqCM: NEXS) jumped 44% today as the company announced a new partnership with Lowe's Stores (NYSE: LOW). The firm will...
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Today's Winners and Losers Within the Russell Microcap Index (NEXS, IBCP, URRE, APP, CPWM, LEI)
Friday, March 25, 2011 - 9:44am | 634The following is a list of today's winners and losers within the Russell Microcap Index. Winners Shares of Nexxus (NasdaqCM: NEXS) jumped 44% today as the company announced a new partnership with Lowe's Stores (NYSE: LOW). The firm will...
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Citigroup Meets With Home Depot Management, Maintains Buy Rating
Thursday, March 24, 2011 - 8:24am | 130Citigroup has published a research report on Home Depot (NYSE: HD) after meeting with company management. In the report, Citigroup writes "We hosted upbeat meetings with HD management. The company remains confident that it can achieve its positive LSD SSS plan in 2011, and we believe upside to...
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Goldman Sachs Update On LL
Thursday, March 24, 2011 - 6:43am | 104Goldman Sachs has issued an update on Lumber Liquidators Holdings (NYSE: LL) and the effect of the Chinese trade ruling on the company. According to the report, "The ruling came out on the positive side of the spectrum of possible outcomes, as LL's largest supplier proved exempt and the 2.25% rate...
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Mad Money Lightning Round: Cramer Likes Home Depot (NAT, HD, AAPL, SGI, OAS, APA, EOG, ALU, ADM)
Thursday, March 24, 2011 - 12:15am | 285On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Nordic American Tanker (NYSE: NAT) is “one of my favorite stocks in the chart book and on the fundamentals." Cramer believes that Home Depot (NYSE: HD) is “excellent.” He added, “People are fixing up their homes. I think Home...