Lowe's Cos. (LOW) Tops Q3 EPS by 6c, Revenues Miss; Offers FY19 EPS Guidance
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Lowe's (LOW) PT Raised to $134 at RBC Capital; Remain 'Aggressive Buyers'
November 20, 2019 1:22 PM ESTRBC Capital analyst Scot Ciccarelli raised the price target on Lowe's (NYSE: LOW) to $134.00 (from $129.00) while maintaining a Outperform rating following results.
The analyst commented, "Lowes US comp results of +3% were a bit better than investor expectations following Home Depots report... More
Redfin (RDFN) Reports U.S. Home Prices up 5.4% in October, Largest Increase Since July 2018
November 19, 2019 8:11 AM ESTRedfin (NASDAQ: RDFN) announces U.S. home-sale prices increased 5.4% year over year in October to a median of $313,200, according to a new report from Redfin (www.redfin.com), the technology-powered real estate... More
Retail sector weighs on Wall Street; Dow and S&P end lower
November 19, 2019 7:57 AM ESTBy Sinéad Carew
NEW YORK (Reuters) - The Dow Jones Industrial Average and the S&P 500 fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending and the U.S.-China trade dispute dragged on.
U.S. President Donald Trump on Tuesday threatened to escalate the trade war by raising tariffs on Chinese imports if no deal is reached with Beijing.
Home Depot Inc (NYSE: HD) fell 5.4% and was the top drag on the benchmark... More
Home Depot cuts sales goal as online push not delivering as expected
November 19, 2019 6:18 AM ESTBy Uday Sampath Kumar
(Reuters) - Home Depot Inc (NYSE: HD) said on Tuesday the marriage of its online and brick-and-mortar businesses was not yet generating as much revenue as it had expected, prompting the retailer to cut its 2019 sales forecast for the second time this year.
Shares of the largest U.S. home improvement chain, which have risen nearly 40% this year, fell 4.5% to $228 in premarket trading.
To keep customers away from smaller rival Lowe's Cos Inc (NYSE: LOW), Home Depot invested heavily in... More
Lowe's (LOW) Trades Lower in Sympathy with Home Depot (HD) Following Results and Guidance, Lowe's Down 2.25%, Home Depot Down 7.5%
November 19, 2019 6:08 AM ESTLowe's (NYSE: LOW) Trades Lower in Sympathy with Home Depot (NYSE: HD) Following Results and Guidance, Lowe's Down 2.25%, Home Depot Down 7.5%
... More