Home Depot impresses, lifts Lowe's

Shares of Home Depot (HD) are higher after the company topped estimates with its costs firmly under control.

The company's performance in maintaining store traffic during a tough weather period is even more impressive considering the tough comparable it came up against with Superstorm Sandy recovery a significant factor a year ago.

HD +2.0% premarket, while rival Lowe's (LOW) is getting a 1% sympathy boost. Lowe's has its turn to release Q4 numbers tomorrow.

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Comments (1)
  • Truth_Investor
    , contributor
    Comments (374) | Send Message
    Those who believe HD is a growth stock are most likely in for a rude awakening. In order to understand what growth they have you need to see where the added money is coming from. Is it in new store openings? NO. Is it because the markets recovering, probably not. The growth is really in areas they are cutting back on. That is not growth, it is retention of PE.
    25 Feb 2014, 05:08 PM Reply Like
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