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Homebuilder Stocks Outperform Ahead Of Potential Rate Cuts — But What's Next?
Tuesday, September 17, 2024 - 4:22pm | 627Homebuilder and building product stocks could see an upward trend if the Federal Reserve cuts the key interest rate on Wednesday, based on historical performance, according to a major U.S. bank. The Fed is expected to lower rates by either 25 or 50 basis points, marking the first change since July...
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Home Depot Tops Q1 Earnings Estimates
Tuesday, May 16, 2023 - 11:40am | 648Home Depot (NYSE: HD) came out with quarterly earnings of $3.82 per share, beating the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $4.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0...
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Goldman Sachs Upgrades Fortune Brands, Downgrades Jeld-Wen In Building Products Pair Trade
Monday, December 10, 2018 - 4:24pm | 699Investor sentiment for the housing market is pointing to consistently growing "angst" throughout 2018, and the now "lumpy" housing market should persist in the medium-term, according to Goldman Sachs. Investment opportunities remain in the sector, but they must be carefully...
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Despite Q4 Beat, KeyBanc Downgrades Gibraltar Industries
Thursday, March 1, 2018 - 10:42am | 356Gibraltar Industries Inc (NASDAQ: ROCK) reported an adjusted EPS and sales beat before the open Thursday, but released mixed first-quarter guidance, with a 23-to-28-cent adjusted EPS expected versus a 30-cent consensus estimate, and sales of $213-220 million against a $215.4-million estimate....