Seeking Alpha

Home Depot and Lowe's keep trekking higher

  • Home Depot (HD +1.2%) and Lowe's (LOW +1.8%) are ahead of market averages with more solid numbers out on the housing market.
  • Execs with the two retail giants have been pretty frank in the past that available credit and the willingness of consumers to spend are bigger factors for sales than raw housing numbers, but investors have bid up both stocks this week undeterred.
  • On the Federal Reserve front, the FOCM decision to keep its bond-buying program locked in place could help lower mortgage and financing costs for home improvement projects.
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