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Lowe's and Home Depot are outperforming on interest rate cut enthusiasm
Analysts and investors are increasing their interest in the home improvement sector after the Federal Reserve lowered benchmark interest rates for the first time in four years. Lowe's Companies (NYSE:LOW) tracked higher in early trading on Tuesday after Oppenheimer upgraded the home improvement retailer to an Outperform rating after having it set
Is Holding Home Depot Stock a Wise Call After Fed Trims Interest Rate?
Home Depot is poised to gain from the Federal Reserve's recent rate cut. A lower interest rate should improve the demand for larger home improvement projects.
Shares of Home Depot, Lowe's Rise Following Rate Cut
In Thursday trading, Home Depot's stock was up 1.6% to $390.20, while Lowe's stock rose 1.7% to $261.11. Since the beginning of the year, shares of Home Depot are up 13%, while Lowe's shares have gained 17%.
Home Depot and Lowe's are already seeing the first of many likely benefits from the Fed's rate cut
Share prices for Home Depot and Lowe's are riding high following the Fed's interest rate cut, which is likely to spur home improvement spending.
6h
Home Depot (NYSE:HD) Faces Economic Challenges but Sees Growth Potential in Digital and Market Expansion
Home Depot(NYSE:HD) is navigating a dynamic environment marked by both opportunities and challenges. Recent highlights ...
17h
Home Depot Inc. stock underperforms Monday when compared to competitors despite daily gains
Home Depot Inc. closed $4.91 short of its 52-week high ($396.87), which the company achieved on March 21st.
1h
Home Depot places huge Valley warehouse on sublease market
Home Depot signed a 10-year lease for the entire space at the end of 2021, just west of the Phoenix Goodyear Airport at 16155 ...
2h
Huge Home Depot sale from $7 — here's 15 deals I'd get on smart home tech, appliances and more
Smart home: deals from $7 @ Home Depot Kit out your smart home with deals from $7 at Home Depot. The sale includes smart ...
Pleasanton Weekly
8h
Home Depot to pay nearly $2M in settlement with DAs for alleged false advertising, unfair competition
Home Depot has entered a stipulated judgment of nearly $2 million to settle a civil complaint that alleged the company took ...
10d
on MSN
Home Depot to pay $2 million settlement for overcharging customers
Home Depot will pay nearly $2 million to settle a civil enforcement claim from California district attorneys that the home ...
20h
A Glimpse Into The Expert Outlook On Home Depot Through 16 Analysts
Analysts have recently evaluated Home Depot and provided 12-month price targets. The average target is $384.31, accompanied ...
1d
Home Depot (HD) Receives a Rating Update from a Top Analyst
Wells Fargo analyst Zachary Fadem maintained a Buy rating on Home Depot (HD – Research Report) today and set a price target of $400.00.
7d
Home Depot to pay nearly $2 million to settle complaint alleging widespread overcharging in California
Home Depot has entered a stipulated judgment of nearly $2 million to settle a civil complaint that alleged the company took ...
23h
5 Home Depot Items That Would Make Great Christmas Gifts for Retirees
Although it's only the first of fall, Christmas will be here before you know it. Plus, it's never too early to get a head ...
3d
Home Depot: Company history, timeline & facts
Arthur Blank and Bernie Marcus’ customer-first approach helped fuel the DIY craze and build Home Depot into a $380 billion ...
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