Home Depot Benefitting From Improving U.S. Housing Market -- S&P 500 Index Fall to 3-Month Low
Five Star Equities Provides Stock Research on Home Depot and Lowe's
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/15/12 -- U.S. stock markets have slumped to 3-month slows after President Obama's re-election as investor focus has switched to the upcoming "fiscal cliff." Both the Dow Jones Industrial Average and the S&P 500 Index have slumped over 2.5 percent in the past week. Five Star Equities examines the outlook for companies in the Retail Sector and provides equity research on The Home Depot, Inc. (NYSE: HD) and Lowe's Companies, Inc. (NYSE: LOW).
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The "fiscal cliff" is a combination of government spending cuts and tax increases set to take effect at the beginning of 2013 unless lawmakers reach a compromise on a new budget deal. The Treasury Department has recently reported that the October deficit, which is the first month of the new fiscal year, grew 22 percent to $120 billion.
"The stock market is going to be captive to Washington for the time being," said Michael Mullaney, chief investment officer at Fiduciary Trust, in an interview. "The market would like to go up a little bit from here after it has been beaten down, but it's going to be hard pressed to sustain a rallying state until we have resolution on the fiscal cliff."
Five Star Equities releases regular market updates on the Retail Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Shares of Home Depot surged earlier this week after reporting quarterly earnings and sales that topped analysts' estimates. The company has cited the improving U.S. housing market as a major factor for their strong earnings. "Sales were considerably higher than we had anticipated," said chief financial officer Carol Tome in an interview. "The whole store performed better than expected."
Lowe's has more than 1,745 home improvement stores in the United States, Canada and Mexico. For fiscal year 2011 the company reported sales of over $50 billion. Lowe's is scheduled to release their third quarter financials on November 19, 2012. Shares of the company have gained over 25 percent year-to-date.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 15.11.2012 - 13:20 Uhr
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