Breaking News Instant updates and real-time market news.

HD

Home Depot

$142.06

0.52 (0.37%)

, LOW

Lowe's

$76.23

-0.0859 (-0.11%)

12:10
02/17/17
02/17
12:10
02/17/17
12:10

On The Fly: What to watch in Home Depot, Lowe's earnings reports

Home improvement retailers Home Depot (HD) and Lowe's (LOW) are scheduled to report results of their fiscal fourth quarters before the market open on Tuesday, February 21, and Wednesday, February 22, respectively. Home Depot's conference call is scheduled for 9:00 am EDT on Tuesday and Lowe's will hold its quarterly call on Wednesday at 9:00 am EDT. What to watch for: 1. HOUSING MARKET COMMENTARY: Despite cutting its financial outlook for the year in November, Lowe's said it believes the housing market will continue to drive sales, a sentiment echoed by Home Depot. Lowe's CEO Robert Niblock said Lowe's was prepared for the home-improvement market to cool off in the third quarter, but headwinds for the industry had not changed changed. "We still expect it to be a very healthy environment," Niblock said at the time, adding that home price appreciation, housing turnover and household formation in the U.S. should continue to support sales growth.2. COMPETITION WITH ONLINE RETAILERS: Analysts and investors will listen for comments on how the home improvement retailers view competition with online retailers like Amazon (AMZN). Home Depot said in November that its online sales increased 17%, adding that online sales made up 5.6% of total revenue in the quarter. Home Depot is spending aggressively on initiatives like building out its e-commerce infrastructure and integrating newly acquired businesses like the Interline Brands segment. In January, Lowe's said it would cut thousands of workers and shuffle the jobs of thousands more as it looks to adapt to shifting shopping habits. According to The Wall Street Journal and CNBC, Lowe's will cut less than 1% of its workforce, or fewer than 3,000 jobs, and shift many workers' to customer-facing roles. Following its December analyst conference, UBS analyst Michael Lasser noted that Lowe's was looking to optimize its service levels, enhance its marketing, elevate its omni-channel experience and realize its growth potential in new markets and growing customer segments. 3. TRUMP EFFECT: Analysts and investors will listen for comments on how their industry is faring after President Donald Trump took office in January and how his proposed border tax could create headwinds for retailers. Home Depot and Lowe's, as well as Wal-Mart (WMT) and Target (TGT), are some of the country's biggest importers. Cathy Leonhardt, the Peter J. Solomon Co. co-head of global retail, recently told CNBC that mass market retailers, "sectors that have low margin[s] [are] going to be negatively and disproportionately impacted." 4. GUIDANCE: After reporting worse than expected Q3 results in November, Lowe's cut its FY17 EPS view to about $3.52 from about $4.06 and lowered its revenue growth guidance to 9%-10% from growth of approximately 10%. Lowe's expanded its SSS guidance for the year to 3%-4% growth from growth of about 4%. The guidance was reaffirmed in December, at which time Lowe's forecast 4% annual sales growth from 2017-2019. At the time, Lowe's said it was "pleased" with its sales performance in Q4. Bernstein analyst Brandon Fletcher said that Lowe's comparable store sales may decelerate if the housing markets in the U.S. and Canada moderate. Meanwhile, Home Depot in November raised its FY16 EPS view to $6.33 and backed its revenue guidance of up approximately 6.3% and SSS guidance of up about 4.9% and said it was on track to deliver on its Q4 sales forecast. Home Depot also noted that it was on target to reach $100B ins ales by 2018. Bernstein's Fletcher expects Home Depot to continue to post "solid" comparable sales gains.

HD

Home Depot

$142.06

0.52 (0.37%)

LOW

Lowe's

$76.23

-0.0859 (-0.11%)

WMT

Wal-Mart

$68.84

-0.03 (-0.04%)

TGT

Target

$65.65

0.45 (0.69%)

  • 17

    Feb

  • 21

    Feb

  • 21

    Feb

  • 06

    Mar

  • 14

    Mar

  • 15

    Mar

  • 19

    Mar

HD Home Depot
$142.06

0.52 (0.37%)

02/07/17
02/07/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Target (TGT) and Dollar General (DG) were initiated with an Outperform at Bernstein, while Lowe's (LOW) was initiated with an Underperform. The firm also initiated Costco (COST), Home Depot (HD), and Wal-Mart (WMT) with a Market Perform. 2. Aetna (AET) and UnitedHealth (UNH) were assumed with an Overweight at Cantor. 3. Philips (PHG) initiated with a Hold at Berenberg. 4. Costamare (CMRE) initiated with a Neutral at Citi. 5. BioMarin (BMRN) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/07/17
BERN
02/07/17
INITIATION
BERN
Market Perform
Home Depot initiated with a Market Perform at Bernstein
Bernstein analyst Brandon Fletcher expects Home Depot to continue to post "solid" comparable sales gains. However, the analyst thinks that the company's cost cutting initiatives are priced into the stock, while the shares lack catalysts. Target $141.
02/06/17
BERN
02/06/17
INITIATION
Target $141
BERN
Market Perform
Home Depot initiated with a Market Perform at Bernstein
Target $141.
11/16/16
UBSW
11/16/16
NO CHANGE
Target $145
UBSW
Buy
Home Depot earnings support upside from current levels, says UBS
UBS analyst Michael Lasser believes the market reaction surrounding Home Depot's Q3 results were short-sighted. He said the company's comps provided evidence it can sustain momentum for a while. Lasser sees the company's strong earnings growth as supporting upside from current levels and reiterated his Buy rating and $145 price target on Home Depot shares.
LOW Lowe's
$76.23

-0.0859 (-0.11%)

02/06/17
BERN
02/06/17
INITIATION
Target $170
BERN
Market Perform
Lowe's initiated with a Market Perform at Bernstein
Target $170.
02/06/17
BERN
02/06/17
INITIATION
Target $66
BERN
Underperform
Lowe's initiated with an Underperform at Bernstein
Target $66.
02/07/17
BERN
02/07/17
INITIATION
BERN
Underperform
Lowe's initiated with an Underperform at Bernstein
Bernstein analyst Brandon Fletcher says that Lowe's comparable store sales may decelerate if the housing markets in the U.S. and Canada moderate. Fletcher thinks that the company's spending reduction targets are "overly optimistic." Target $66.
WMT Wal-Mart
$68.84

-0.03 (-0.04%)

02/13/17
PIPR
02/13/17
NO CHANGE
Target $83
PIPR
Overweight
Target risk/reward compelling ahead of investor day, says Piper Jaffray
Piper Jaffray analyst Sean Naughton says Target's (TGT) risk/reward is "compelling" ahead of the company's investor day. The stock, trading at a 21% discount to most direct peer Wal-Mart (WMT), is pricing in much of the near-term downside, Naughton tells investors in a research note. Target is "under-loved" and remains a "great brand with good assets and strong free cash flow," the analyst contends. He keeps an Overweight rating on the shares with an $83 price target.
02/10/17
CLVD
02/10/17
NO CHANGE
CLVD
Neutral
Wal-Mart Q4 comps estimate lowered further below consensus at Cleveland Research
Cleveland Research analyst Scott Bender said Wal-Mart sales appear to have slowed further in January to finish Q4, and also belives sales slowed in December compared to the start of the quarter. As a result, Bender lowered Wal-Mart's Q4 US comp estimate further below consensus to up .7% from 1%, compared to consensus of up 1.4%, and lowered Q4 earnings estimate to $1.29 versus consensus of $1.30. The analyst has a Neutral rating on Wal-Mart shares.
02/10/17
SUSQ
02/10/17
INITIATION
Target $80
SUSQ
Positive
Wal-Mart initiated with a Positive at Susquehanna
Target $80.
02/09/17
PIPR
02/09/17
NO CHANGE
Target $97
PIPR
Overweight
Euronet shares offer 'nice entry point,' says Piper Jaffray
Piper Jaffray analyst Jason Deleeuw says Euronet Worldwide (EEFT) shares at current levels undervalue the company's "attractive growth profile" and overstates economic risks around the Wal-Mart (WMT) money transfer contract renewal. The analyst views the economic renewal risk as manageable and reiterates an Overweight rating on the name with a $97 price target.
TGT Target
$65.65

0.45 (0.69%)

02/14/17
CLVD
02/14/17
NO CHANGE
CLVD
Target 2017 outlook becoming more cautious at Cleveland Research
Cleveland Research analyst Scott Bender said Target's January sales appear to have been slightly better vs. November/December due to easier comparisons and clearance activity in discretionary categories, offset by weakness in grocery. Bender still see 4Q comps trending in line with consensus and guidance but said the 2017 outlook appears to be getting incrementally more cautious due to competitive headwinds, lack of sales-driving catalysts, increased focus on margins, and internal changes that may cause disruptions.
02/10/17
SUSQ
02/10/17
INITIATION
Target $70
SUSQ
Neutral
Target initiated with a Neutral at Susquehanna
Target $70.

TODAY'S FREE FLY STORIES

PNFP

Pinnacle Financial

$65.75

-0.2 (-0.30%)

, DIS

Disney

$107.61

0.18 (0.17%)

08:15
12/14/17
12/14
08:15
12/14/17
08:15
Recommendations
Pinnacle Financial, Disney, J.M. Smucker, NextEra Energy, Zoetis, Leggett & Platt, South Jersey Industries, Tanger Factory, Physicians Realty Trust, VMware, AT&T, American Water analyst commentary  »

Hilliard Lyons Top Ideas…

PNFP

Pinnacle Financial

$65.75

-0.2 (-0.30%)

DIS

Disney

$107.61

0.18 (0.17%)

SJM

J.M. Smucker

$118.15

0.2 (0.17%)

NEE

NextEra Energy

$156.47

-0.6 (-0.38%)

ZTS

Zoetis

$72.38

0.15 (0.21%)

LEG

Leggett & Platt

$45.92

-0.05 (-0.11%)

SJI

South Jersey Industries

$32.17

0.03 (0.09%)

SKT

Tanger Factory

$25.85

0.32 (1.25%)

DOC

Physicians Realty Trust

$18.46

0.35 (1.93%)

VMW

VMware

$121.87

1.83 (1.52%)

T

AT&T

$38.04

-0.06 (-0.16%)

AWK

American Water

$89.93

0.61 (0.68%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

  • 14

    Dec

  • 14

    Dec

  • 17

    Jan

08:15
12/14/17
12/14
08:15
12/14/17
08:15
General news
Jobless Claims to be reported at 08:30 »

Week of 12/9 Jobless…

08:15
12/14/17
12/14
08:15
12/14/17
08:15
General news
Retail Sales to be reported at 08:30 »

November Retail Sales…

08:15
12/14/17
12/14
08:15
12/14/17
08:15
General news
Retail Sales less autos to be reported at 08:30 »

November Retail Sales…

TEUM

Pareteum

$0.69

-0.0599 (-7.99%)

08:14
12/14/17
12/14
08:14
12/14/17
08:14
Hot Stocks
Pareteum issues letter to shareholders »

Pareteum issued a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TEVA

Teva

$15.70

-0.82 (-4.96%)

08:13
12/14/17
12/14
08:13
12/14/17
08:13
Hot Stocks
Teva CEO Schultz says company does not plan to raise equity »

Says annual bonus for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

SKYAY

Sky

$53.81

-0.44 (-0.81%)

, FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

08:11
12/14/17
12/14
08:11
12/14/17
08:11
Hot Stocks
Sky responds to 21st Century Fox announcement, says remains 'bound' by agreement »

Sky notes the…

SKYAY

Sky

$53.81

-0.44 (-0.81%)

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

DIS

Disney

$107.61

0.18 (0.17%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

  • 14

    Dec

  • 14

    Dec

TEVA

Teva

$15.70

-0.82 (-4.96%)

08:11
12/14/17
12/14
08:11
12/14/17
08:11
Hot Stocks
Teva says will discontinue products that to not meet new profitability benchmark »

Says will adjust pricing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

DIS

Disney

$107.61

0.18 (0.17%)

, FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

08:11
12/14/17
12/14
08:11
12/14/17
08:11
Hot Stocks
Disney: 21st Century Fox will help accelerate direct to consumer platform »

Comments from Disney,…

DIS

Disney

$107.61

0.18 (0.17%)

FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

FOXA

21st Century Fox

$32.75

-1.35 (-3.96%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

  • 14

    Dec

  • 14

    Dec

SITO

Sito Mobile

$6.72

0.37 (5.83%)

08:09
12/14/17
12/14
08:09
12/14/17
08:09
Upgrade
Sito Mobile rating change  »

Sito Mobile upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRTO

Criteo

$31.61

-0.2 (-0.63%)

, AAPL

Apple

$172.27

0.57 (0.33%)

08:09
12/14/17
12/14
08:09
12/14/17
08:09
Hot Stocks
Criteo revises impact of new Apple system on revenue ex-TAC to (22%) »

Criteo (CRTO) updated its…

CRTO

Criteo

$31.61

-0.2 (-0.63%)

AAPL

Apple

$172.27

0.57 (0.33%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ETSY

Etsy

$20.16

-0.05 (-0.25%)

, GOOG

Alphabet

$1,040.61

0.13 (0.01%)

08:08
12/14/17
12/14
08:08
12/14/17
08:08
Hot Stocks
Etsy announces move to Google Cloud Platform »

Etsy (ETSY) announced it…

ETSY

Etsy

$20.16

-0.05 (-0.25%)

GOOG

Alphabet

$1,040.61

0.13 (0.01%)

GOOGL

Alphabet Class A

$1,051.39

2.62 (0.25%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Feb

  • 18

    Mar

TEVA

Teva

$15.70

-0.82 (-4.96%)

08:08
12/14/17
12/14
08:08
12/14/17
08:08
Hot Stocks
Breaking Hot Stocks news story on Teva »

Teva CEO says doing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

DLNG

Dynagas LNG

$11.39

0.03 (0.26%)

08:07
12/14/17
12/14
08:07
12/14/17
08:07
Recommendations
Dynagas LNG analyst commentary  »

Dynagas LNG price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ETFC

E-Trade

$48.70

-1.14 (-2.29%)

08:07
12/14/17
12/14
08:07
12/14/17
08:07
Hot Stocks
E-Trade reports November DARTs up 19% y/y »

E*TRADE Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TEVA

Teva

$15.70

-0.82 (-4.96%)

08:06
12/14/17
12/14
08:06
12/14/17
08:06
Hot Stocks
Teva CEO sees reduced sales of Copaxone over the coming quarters »

Teva President and CEO…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

TROV

Trovagene

$0.46

-0.0297 (-6.06%)

, JNJ

Johnson & Johnson

$142.89

0.29 (0.20%)

08:06
12/14/17
12/14
08:06
12/14/17
08:06
Hot Stocks
Trovagene files protocol for Phase 2 clinical trial of PCM-075 »

Trovagene announced the…

TROV

Trovagene

$0.46

-0.0297 (-6.06%)

JNJ

Johnson & Johnson

$142.89

0.29 (0.20%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

TRCB

Two River Bancorp

$18.43

0.15 (0.82%)

08:06
12/14/17
12/14
08:06
12/14/17
08:06
Hot Stocks
Two River Bancorp approves new $2M share repurchase program »

Two River Bancorp…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DAL

Delta Air Lines

$53.63

0.01 (0.02%)

, UTX

United Technologies

$124.30

0.82 (0.66%)

08:06
12/14/17
12/14
08:06
12/14/17
08:06
Hot Stocks
Delta announcing long-term commitment with Pratt & Whitney for Delta TechOps »

Delta (DAL) is announcing…

DAL

Delta Air Lines

$53.63

0.01 (0.02%)

UTX

United Technologies

$124.30

0.82 (0.66%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

DAL

Delta Air Lines

$53.63

0.01 (0.02%)

, EADSY

Airbus

$26.16

0.62 (2.43%)

08:04
12/14/17
12/14
08:04
12/14/17
08:04
Hot Stocks
Delta announces firm order for 100 A321neo from Airbus »

Delta Air Lines (DAL) and…

DAL

Delta Air Lines

$53.63

0.01 (0.02%)

EADSY

Airbus

$26.16

0.62 (2.43%)

BA

Boeing

$291.84

1.9 (0.66%)

UTX

United Technologies

$124.30

0.82 (0.66%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

NYNY

Empire Resorts

$26.35

0.15 (0.57%)

08:04
12/14/17
12/14
08:04
12/14/17
08:04
Hot Stocks
Empire Resorts names Jamie Sanko chief accounting officer »

Empire Resorts announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SHLD

Sears

$4.01

0.01 (0.25%)

, AMZN

Amazon.com

$1,164.13

-0.95 (-0.08%)

08:04
12/14/17
12/14
08:04
12/14/17
08:04
Hot Stocks
Sears' DieHard brand to launch on Amazon.com for 50th anniversary »

Sears' (SHLD)…

SHLD

Sears

$4.01

0.01 (0.25%)

AMZN

Amazon.com

$1,164.13

-0.95 (-0.08%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Mar

ONCS

OncoSec

$1.76

0.08 (4.76%)

08:03
12/14/17
12/14
08:03
12/14/17
08:03
Hot Stocks
OncoSec doses first patient in PISCES/KEYNOTE-695 trial »

OncoSec Medical announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DAL

Delta Air Lines

$53.63

0.01 (0.02%)

, EADSY

Airbus

$26.16

0.62 (2.43%)

08:02
12/14/17
12/14
08:02
12/14/17
08:02
Hot Stocks
Breaking Hot Stocks news story on Delta Air Lines, Airbus, Boeing »

Delta announces firm…

DAL

Delta Air Lines

$53.63

0.01 (0.02%)

EADSY

Airbus

$26.16

0.62 (2.43%)

BA

Boeing

$291.84

1.9 (0.66%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

AMPE

Ampio

$1.75

0.07 (4.17%)

08:02
12/14/17
12/14
08:02
12/14/17
08:02
Conference/Events
Ampio to host conference call »

Conference call to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.