Thu, Jan. 1, 2:19 AM
- Dow: INTC +41%; UNH +35%; HD +28%; CSCO +25%; MSFT +25%.
- S&P 500: LUV +125%; EA +106%; EW +95%; AGN +92%; AVGO +91%.
- Nasdaq: AAL +112%; EA +106%; AVGO +91%; GMCR +78%; ILMN +68%.
Dec. 23, 2014, 7:11 PM
- The Dow Jones Industrials closed above 18,000 today for the first time ever, and one stock - Visa (NYSE:V), which contributed nearly twice the point gain of runner-up Goldman Sachs (NYSE:GS) - deserves by far the most credit for sparking the 1,000-point advance from 17,000 in July.
- Visa rallied 23% during the 120 trading days, meaning it contributed 313 points to the Dow's climb, with about half coming on a single day, Oct. 30, when the stock jumped 10% following better than expected quarterly results.
- Part of Visa’s Dow dominance is due to its size in the price-weighted index; other companies that rose more than Visa since the Dow crossed 17,000 in July - such as Home Depot (NYSE:HD), which jumped 26% and boosted the Dow by 139 points - accounted for fewer points of the Dow’s rise.
Nov. 25, 2014, 1:25 PM
Nov. 20, 2014, 4:43 PM
Nov. 19, 2014, 8:37 AM
- Target (NYSE:TGT) says YTD costs for the large 2013 data breach are at $140M on a pre-tax basis.
- Total gross expenses of $248M since Q4 of last year have been partially offset by a $90M insurance receivable.
- The retailer says future data-breach expenses are not expected to be material.
- The ratio of insurance coverage to costs could be of interest to breach brethren Home Depot (NYSE:HD) and Staples (NASDAQ:SPLS).
Nov. 18, 2014, 10:54 AM
- Execs with Home Depot (HD -1.5%) were very positive on the start to Q4 during the company's earnings call this morning.
- Sales for the first two weeks of November were "impressive."
- Home Depot's home improvement market share rose 23 bps to 27.07% over the last year. The tally includes strong growth in the online channel.
- Fulfillment centers will cover 90% of the U.S. for parcel shipments next year.
- Spending in the pros business has been vibrant, according to management. Interestingly, DIY boomers are started to opt for hiring pros.
- There's a hint from management that Home Depot will raise its dividend in Q1 of 2015.
Nov. 18, 2014, 8:41 AM
- Home Depot (NYSE:HD) was a little fuzzy today on how much the massive data breach in September will end up costing it.
- For now, the home improvement giant is going with $28M in expenses for the current quarter and $34M for FY14. The legal part of the expense equation remains an unknown variable.
- Shares of Home Depot are down 0.7% in early action as analysts seem focused on the conservative guidance from the company in the face of strong comps.
- Previously: Home Depot beats estimates, strong comps power Home Depot in Q3
Nov. 18, 2014, 6:59 AM
- Home Depot (NYSE:HD) reports comparable-store sales rose 5.2% during Q3.
- The comp delivered in the U.S. was 5.8%.
- Total operating expenses increased 2.8% to $4.632B during the period, led by a 3.0% rise in SG&A expenses.
- Merchandise inventory +5.8% to $12.01B.
- Guidance: 2014 sales growth of 4.8% expected and a forecast for 2014 EPS of $4.54 is reaffirmed.
- HD -0.8% premarket.
Nov. 18, 2014, 6:05 AM
Nov. 17, 2014, 5:30 PM
Nov. 8, 2014, 9:25 AM
- Energy companies finally are starting to halt a few new U.S. drilling projects as oil prices fall, which Barclays believes may put the U.S. oil boom at risk but "on balance, we believe lower oil prices are good.”
- If strong U.S. energy growth is interrupted, spending in the sector could be cut by $40B, but consumers could save $70B next year as the price at the pump falls for gasoline and diesel, according to Barclays head of U.S. equity strategy Jonathan Glionna.
- The most likely beneficiaries would be discretionary areas such as restaurants, entertainment, apparel, electronics and furniture, he says.
- Glionna lists 27 stocks that could benefit from lower oil prices: AAL, AGCO, AXL, BERY, BLMN, BWLD, CHH, CLX, DE, DPZ, FDX, GM, HD, KMB, KR, KSS, MHK, MMM, PENN, PPG, SAVE, SHW, TGT, UPS, VAL, WMS, WMT.
Nov. 7, 2014, 9:29 AM
- Home Depot (NYSE:HD) says it hasn't calculated the costs associated with its data breach, although it warns a "material adverse effect" in FQ4 and beyond is possible.
- Analysts note that despite the eye-popping headline on the 53M email addresses scooped up from the company's system by hackers, most large-scale breaches at large retailers have had almost no long-term impact on sales.
- Shares of HD are down 0.2% in premarket action.
Nov. 6, 2014, 4:44 PM
- Home Depot (NYSE:HD) discloses that 53M email addresses were taken during the data breach earlier this year initiated through a malware attack.
- Though the company says the files with the email addresses didn't contain personal information, the risk of customers being targeted by phishing scams exists.
- Home Depot also backed its previous guidance for FY14 sales growth and EPS ahead of the release of Q3 results on November 18.
- HD -0.1% AH.
Oct. 30, 2014, 3:47 PM
- Bullish on consumer willingness to spend more on their homes, Goldman just gives a price-target boost to Neutral-rated Home Depot (HD +1%), but Lowe's (LOW +0.9%) gets an upgrade to Buy.
- "Looking at firms in our coverage we consider to operate outside of Amazon’s direct line-of-fire, with the ability to invest in omnichannel at their own pace, Lowe's 2014E EBIT margin is one of the furthest below its own peak, and its own mean," says analyst Matthew Fassler, explaining why Lowe's gets the Buy nod over, say, Home Depot.
Oct. 14, 2014, 10:17 AM
Oct. 10, 2014, 12:45 PM
- Home Depot (HD +0.4%) presented today at meeting focused on Asian investors.
- The company says its long-term target is to raise operating margin by 140 bps to 13%.
- There was considerable discussion about the "stage 2" of the housing recovery underway in the U.S. The difference between a moderate recovery or a sharp one has big implications for the home improvement giant.
- Home Depot expects to gain more efficiency from supply chain changes and forecasting improvements.
- FY14 guidance is reiterated: Sales growth ~4.8%; Comp store growth ~4.6%, EPS $4.54; store openings +6.
- Home Depot's Asia Investors Meeting presentation (.pdf)
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