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Fly News Breaks for July 20, 2017
LOW, HD
Jul 20, 2017 | 14:23 EDT
Stifel analyst John Baugh noted two events that may be contributing to today's weakness in shares of both Home Depot (HD) and Lowe's (LOW) - Sears' (SHLD) launch of Kenmore products on Amazon (AMZN) and weaker than expected results from paint maker and retailer Sherwin-Williams (SHW) - adding that he suspects the Amazon news "might be the bigger influencer." Stating that Amazon had already indicated its interest in the appliance business and he doesn't believe Sherwin-Williams is a meaningful read-through to the two bigger companies, Baugh recommended that investors use the dip in the home improvement retailers' stock to buy.