Homepage / Investment / Buy Home Depot before earnings due to booming housing sales: Jefferies
Jogue Por Dinheiro Actual Em Cassino Onlin Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software Keep Data Safe and Protect Your Business Data How to Conduct a Board Self-Assessment Uncomplicated Ways to Simplify Daily Business Transactions Due Diligence Blog Digital Data Rooms for the Netherlands The New Era of Business Software and Reporting What Types of Businesses Use VDR Software? Ma Analysis Mistakes The Corporate Governance Role Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Unlimited Data Room Software For Due Diligence Leading Business Software Features to Look For Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals


Buy Home Depot before earnings due to booming housing sales: Jefferies

Home improvement sales may be the one of the few bright spots for Home Depot.

Daniel Binder, an analyst at Jefferies, predicts the retailer will beat expectations next week due to strong housing sales that are boosting demand for products used in home improvement projects.

“Home improvement spending still remains healthier than most areas in retail,” Binder wrote in a note to clients Thursday. “Our field checks for HD showed a strong Q2 and we expect relative comp sales outperformance … We believe seasonal, core building supplies and pro were strengths for both Home Depot and Lowe’s, but believe Home Depot performed better overall.”

Home Depot’s stock is outperforming the market. Its shares are up 15.8 percent year to date through Wednesday compared with the S&P 500’s 10.5 percent return.

Binder reiterated his buy rating and his $182 price target for Home Depot, representing 17 percent upside to Wednesday’s close.

The analyst cited government census data for building materials, hardware and garden supply sales, which revealed a 7.0 percent rise in the second-quarter versus the 6.5 percent increase in the first-quarter.

“Macro indicators and vendor reports indicate the sector remains healthy. New home sales continues on an upward trend, and housing affordability, while volatile within a narrow range, is still very favorable compared to pre-housing bubble levels,” he wrote.

As a result, the analyst increased his Home Depot comparable store sales growth estimate for the second quarter to 5.0 percent from 4.5 percent. The Wall Street consensus of analysts has that number at 4.8 percent.

The company will report fiscal second-quarter results on Tuesday Aug. 15, according to its website.

Source: Investment Cnbc
Buy Home Depot before earnings due to booming housing sales: Jefferies

Comments are closed.