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Home Depot and Lowe's dip after negative research report

  • Home Depot (HD -1.3%) and Lowe's (LOW -2.4%) slump in early trading after Cleveland Research reportedly turns negative on the two retail chains.
  • Typically, a report from the boutique firm is backed by channel checks on store traffic and sales.
Comments (7)
  • It may seem odd to say but the reality is that the weather patterns on the East Coast have been pretty quiet. The home improvement sector benefits from some bad weather and hurricanes but that is not the case this year. I also think that all of the stuff going on in Washington may have hurt sales over the last several weeks.
    18 Oct 2013, 11:03 AM Reply Like
  • HD is still a buy on my list!!
    I expect great things from the well run company!
    Let's see what this research company says when HD hit new high by the end of the year!!!
    18 Oct 2013, 12:01 PM Reply Like
  • Does this mean weakness in housing market? HD and LOW were housing recovery stocks. Recovery is already over?

     

    BTW, who the heck is Cleveland Research?
    18 Oct 2013, 02:26 PM Reply Like
  • I Bought my first Low Shares 300 way back in1973. today I have 50,101 pluss dividends. also have HD.I like both as long as people have babys there will be a need for both low and hd.there will be ups and downs in the market but it always comes back. buy both and keep a long time and watch them grow.
    18 Oct 2013, 06:41 PM Reply Like
  • Very impressive perry4434! I take it your not a day trader.
    19 Oct 2013, 08:24 AM Reply Like
  • No way... HD is the premier fix-it supplier, and supplier to local area contractors. Coming from the institutional & industrial construction sector, I know construction. HD gets a piece of every big project (at least tools & misc quick needs) and probably somewhere around 40-60% of a local builders project needs. Construction will continue to rise (albeit at a smaller increase...duh) but that increase times the # of HD stores, means growth. Mgt will make sure costs are contained (proven track record), thus HD will grow stronger. My original 500 shares were sold long ago at 110%, the added shares (now 800) are cost free and have grown 188%. Ask yourself, where do you go 2 Saturday mornings a month?
    19 Oct 2013, 09:24 AM Reply Like
  • From one who works on the ground floor, it is time for concern. Sales are down. The store has more employees than customers for large part of the day. Contractors are complaining about people not willing to spend. There is a definite trend here. The inflation is taking it's toll
    19 Oct 2013, 10:37 AM Reply Like
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