Tue, Jan. 20, 10:56 AM
- The Supreme Court passes on hearing a case over the level of swipe fees charged by banks to retailers.
- The cap on swipe fees will stand at $0.21-$0.24 following the high court decision.
- Intense lobbying from the financial services industry prompted the Fed to move off its original recommendation for a $0.12 cap.
- The National Retail Federation and other consumer groups have vowed to keep the fight going.
- Related stocks: V, MA, WMT, TGT, BBY, CVS, WBA, COST, HD, LOW, GPS, M.
Fri, Jan. 16, 9:19 AM
Wed, Jan. 14, 9:17 AM
- A slide in retail sales during December was impacted by weakness with the electronics stores (BBY, CONN, HGG) and building materials/garden equipment (HD, LOW) categories.
- The biggest drag on the index was the gasoline stations component (CASY, PTRY]]) which recorded a 6.5% M/M and 14.2% Y/Y decline in December.
- Good news for the restaurant sector (MCD, QSR, YUM, SONC, WEN) as sales were up 0.8% M/M and 8.2% Y/Y during the month.
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.
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