|Bid||229.74 x 800|
|Ask||229.78 x 1100|
|Day's Range||229.04 - 231.51|
|52 Week Range||158.09 - 235.49|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||22.89|
|Earnings Date||Nov 19, 2019|
|Forward Dividend & Yield||5.44 (2.36%)|
|1y Target Est||225.85|
On Tuesday, Guggenheim analyst Steven Forbes downgraded shares of Home Depot to 'neutral' from 'buy' on concerns over margin expansion in 2020, and removed his $230 price target on the stock. The Final Round panel, comprised of Jen Rogers, Myles Udland and Heidi Chung, takes a deep dive into Forbes' note, which focuses on Home Depot's $5.4 billion multi-year investment plan.
Rite Aid (RAD) gains from increased immunizations and clinical pharmacy services, which are likely to continue. Decline in prescription reimbursement rates is a headwind.
Wall Street was mixed on Tuesday as investors awaited a widely expected Fed interest rate cut on Wednesday, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded. Equity markets took a hit on Monday after the attacks wiped out nearly half of Saudi Arabia's oil production, sending oil prices soaring and fuelling geopolitical tensions.
The stock market's major indices are at or near all-time highs, and as stocks go up, dividend yields go down. As a result, many of the best dividend stocks to buy right now sport relatively modest yields.That's OK. Because your focus also should be on dividend safety and payout growth that will enhance your yield over time.Not every stock has been caught up in 2019's surge to new peaks. GameStop (GME), CenturyLink (CTL), Vodafone (VOD), Pitney Bowes (PBI), L Brands (LB), Deutsche Bank (DB) - all of these well-known companies have either cut or outright suspended their dividends this year. Those moves were a blow to all existing shareholders, but especially those who were relying on the income from these sometimes generous dividend payers to tackle regular expenses in retirement.How do you ensure the dividend stocks you're invested in won't do the same? One way is to monitor the DIVCON system from exchange-traded fund provider Reality Shares. DIVCON's methodology uses a five-tier rating to provide a snapshot of companies' dividend health, where DIVCON 5 indicates the highest probability for a dividend increase, and DIVCON 1 the highest probability for a dividend cut. And within each of these ratings is a composite score determined by cash flow, earnings, stock buybacks and other factors.These are 13 of the safest dividend stocks to buy right now. Each stock has not only achieved a DIVCON 5 score, but a composite score within the top 15 of all stocks that DIVCON has evaluated. This makes them the crème de la crème of dividend safety - and more likely to keep the dividend increases coming going forward. SEE ALSO: 25 Stocks Every Retiree Should Own
The Dow Jones held up relatively well Tuesday despite weakness in Goldman Sachs and JPMorgan and a Home Depot downgrade. Small caps lagged.
U.S. stocks were modestly lower on Tuesday as investors moved to the sidelines ahead of the Federal Reserve's two-day policy meeting, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded. Equity markets took a hit on Monday as the attacks wiped out nearly half of Saudi Arabia's oil production, sending oil prices soaring, while fuelling geopolitical tensions. "It looks like the market is largely overlooking the possibility of conflict at this point," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, in Charlotte, North Carolina.
Shares of Home Depot are down following a Guggenheim downgrade, though the company already warned of the headwinds mentioned in the Guggenheim report.
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?
U.S. stocks edged lower on Tuesday as a drop in oil prices weighed on the energy sector, while investors stayed away from making big bets ahead of the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates. The U.S. central bank concludes its policy meeting on Wednesday, with traders currently expecting a 65.8% chance of a quarter percentage point cut from the Fed this week, down from 88.8% on Friday, according to CME's FedWatch. "It's just typical trading on the vigil of a Fed meeting," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
The stock market was modestly lower early Tuesday. Dow Jones stock Home Depot declined sharply after being downgraded to neutral.
Home Depot stock weighed on the Dow Jones today and oil prices eased somewhat after Monday's spike.
Shares were lower on Tuesday, following a downgrade from Guggenheim, which worries that the home-improvement retailer’s forthcoming business investment cycle could tamp down the shares’ returns.
Wall Street was set to open slightly lower on Tuesday as investors stayed away from making big bets ahead of the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates. The Fed concludes its policy meeting on Wednesday, facing a host of global growth worries including a prolonged U.S.-China trade war into which the weekend bombings on Saudi Arabia's oil refinery have thrown an oil price shock. Traders currently see a 65.8% chance of a quarter percentage point cut from the Fed this week, down from 88.8% on Friday, according to CME's FedWatch.
There's always a bull market somewhere. And with Dow Jones Industrial Average constituent Home Depot (NYSE:HD), you don't have to look very far to appreciate that very fact. But is now a good time to buy Home Depot stock? Let's examine what's happening off and on the price chart to reach a stronger, risk-adjusted decision.Source: Helen89 / Shutterstock.com It has been good year for the market, albeit a volatile one at times. The Dow Jones is up nearly 17% and less than 1% from recapturing late July's all-time-high. At the same time, Home Depot stock's gain of 36% has more than doubled the venerable blue-chip index while hitting fresh highs.Only the Dow's Apple (NASDAQ:AAPL), and its return of nearly 39%, is larger than HD's rise through Friday's close. However, that top spot has come at a price. AAPL stock's gains have failed to match Home Depot's technical wherewithal with shares still 5.5% beneath its October all-time high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, what's behind the burly gains of America's largest home improvement retailer? No doubt 2019 has raised the specter of potential difficulties for Home Depot and peer Lowes (NYSE:LOW) given the ongoing U.S. China trade war and retail shelves lined with "Made in China" products.But so far, HD stock has managed to trump those fears.Removed from trade war concerns of what might be, a defensively positioned Home Depot has benefited from this summer's interest rate cut by the FOMC and ongoing demand for home improvement. And the good times, which showed up in August's earnings beat, aren't over either. * 10 Recession-Resistant Services Stocks to Buy According to Citi analyst Gregory Badishkanian, HD stock enjoys "still-solid underlying macro fundamentals and housing drivers," which should help with further sales and margin wins. For its part Citi reaffirmed its buy rating while lifting the price target on HD from $246 to $269 and a premium of 15% compared to Friday's closing price. Home Depot Stock Price Monthly Chart Technically speaking, Home Depot stock appears ready for a strong second-half of 2019 after dismantling a large bearish topping pattern.In August, HD produced an earnings-driven breakout from a 20-month long broadening base pattern. This type of formation is generally viewed as bearish once the fifth pivot receives price confirmation through the low of the monthly candlestick. Home Depot stock obliged bearish shorts as it traded beneath July's low of $212.39 and eventually down to $197.84 before quickly and unequivocally failing.A bullish earnings gap and follow-through in Home Depot stock took shares to new highs while also breaking out above angular pattern resistance. Now September's price action is confirming August's engulfing candlestick while being supported by a bullishly positioned stochastics indicator.With HD shares just a couple percent above the August high, it's time to embrace the bearish pattern failure as an important signal to go long shares. I'm inclined to see Citi's price target of $269 to perhaps as much as $275 in Home Depot stock as a reasonable forecast for shares.My recommendation is to simply buy Home Depot stock today and set an initial stop-loss below $219. Early Monday and with HD trading around $232.50, that works out to price exposure of 6%. That's attractive relative to the risk taken. And smartly, it pulls the plug on the position just in case the broadening pattern has a repeat and more bearish performance in store for Home Depot stock.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post This Is Why Home Depot Stock Bears Should Be Scared appeared first on InvestorPlace.
Wedbush says the home improvement retailer’s turnaround is well under way, and it looks good in comparison to Home Depot.
Marcus also said his organization is raising $300 million for veteran aid in conjunction with 4-5 other philanthropy organizations. About 200 people turned out to celebrate the Veterans in Business Awards honorees Thursday morning at Twelve Atlantic Station hotel.
Gregory Badishkanian, who just assumed coverage of the two companies, kept the Buy ratings and upped his price targets.
Home Depot (NYSE:HD) stock continues to ride high. An earnings beat in its second-quarter sent Home Depot stock surging to over $232 per share an all-time high. Lower interest rates and a renewed interest in the housing market have also helped HD stock.Source: Rob Wilson / Shutterstock.com However, not all headwinds for Home Depot stock have gone away. Home prices have plateaued in many major markets. Also, an inverted yield curve and the length of the current economic growth period point to a possible recession. * 7 Discount Retail Stocks to Buy for a Recession Although HD stock remains a long-term winner, investors should not add to positions at these levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips HD Stock Is a Long-Term Winner Facing Near-Term StrugglesTaking a negative view of Home Depot stock is a difficult decision. After all, it did not grow to almost 2,300 stores and a $250 billion-plus market cap by making poor decisions. HD has delivered massive returns to investors over the last few decades and remains a solid long-term investment now.Admittedly, bulls have many signs of optimism on which to base their call. The Fed lowered interest rates over the summer, setting up the highest level of mortgage originations since 2018. Moreover, the company announced they had beaten estimates by nine cents per share on Aug. 20. This sparked a rally that took the HD stock price from about $208 per share to the approximate $232 per share level where it trades today.Furthermore, both Home Depot stock and its main peer Lowe's (NYSE:LOW) continue to show resiliency. It continues growth even as a mature company. It also has fended off any potential threat from Amazon (NASDAQ:AMZN), a company many feared would "take over retail" a few short years ago. Multiple Does Not Price in a Possible RecessionHowever, the recent rally took the forward price-to-earnings (PE) ratio to about 21.2, very close to the average PE of almost 23 it has experienced over the last five years. Admittedly, a 21.2 forward multiple is not high by S&P 500 standards. However, it seems pricey when analysts predict only 2.4% profit growth this year and 8.4% in fiscal 2021.Also, many signs point to tough times coming soon. For one, the company missed its revenue estimates. Although the market has chosen to ignore that fact, it indicates some level of struggle for the home improvement giant. Moreover, investors cannot know for sure that the economy has avoided a recession. An inverted yield curve has frequently pointed to a downturn within two years in the past.Home price growth appears mixed as well. Thanks to the lower rates, analysts forecast annual price growth of 5.4% over the next year. Still, that is an average number. Many of the larger, pricier markets such as New York or Seattle continue to see a decline in prices. Since many consider Home Depot stock a proxy for the housing market, this indicates contradiction more than growth.Further, the current economic expansion is in its 11th year. This does not mean the economy will stop growing. However, it dramatically increases the chances of a downturn. It also calls into question whether investors should pay a higher multiple for Home Depot stock in such an environment. The Bottom Line on Home Depot StockHome Depot stock has become the solid equity that investors should avoid for now. In a sense, the recent run in HD stock makes sense. Interest rates have fallen in an environment where home prices have plateaued in many major markets. Without a doubt, this increases home affordability for many.Still, the current economic expansion has become long in the tooth. Moreover, an inverted yield curve has always pointed to a recession over the last 60-plus years.Although Home Depot has matured as a company, its ability to maintain growth over the last few decades is a testament to its long-term resiliency. I still believe in the future of Home Depot stock, and I do not recommend selling at these levels, except to log some profits.However, given the current circumstances, this seems like a time where investors should try to buy Home Depot stock on the cheap, not when it trades at a higher multiple.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Hold out for a Lower Valuation Before Buying Home Depot Stock appeared first on InvestorPlace.