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Why BofA Downgrades Fortune Brands, Masco Despite Demand For Building Products
Monday, April 11, 2022 - 11:42am | 345Industry checks indicate that demand for building products was “exceptionally strong” in the first quarter of 2022 and will continue to be strong through the second quarter due to “lean channel inventory and robust contractor backlogs,” according to BofA Securities. The...
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Home Depot Sales Could Be Better Than Originally Thought, New Channel Checks Show
Monday, November 16, 2015 - 1:37pm | 400Shares of Home Depot Inc (NYSE: HD) have gained more than 20 percent over the past year on strong sales growth. David MacGregor of Longbow Research stated that his channel checks suggest Home Depot will report a 4.9 percent comparable-store sales growth in the third quarter, outpacing the 4....
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Despite Rate Worries, the Housing Market Looks Good to Home Depot and Lowe's
Wednesday, November 20, 2013 - 5:21pm | 1108To hear Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) talk about the housing market, things are pretty healthy and likely to get stronger. If they're right, an improving market should bode well for the economy and, of course, for both companies. The question is how strong the housing market...