Most stocks concluded the up-and-down week in the red, starting very strongly in the early session hours before dropping off around lunchtime in New York. But declining issues more-than doubled the number of gainers before a late-in-the-day buying spree drove more issues into positive territory at the close. Healthcare and utility stocks bounced back from early-week softness, while those in the basic materials, telecommunications, and utilities sectors fared particularly poorly. The indexes were more nuanced. The S&P 500, Dow Jones Industrial Average, and NASDAQ were down for most of the day until an upturn in the final hour turned the tech-laden latter’s fortunes around. By day’s end, the group had registered a seven-point gain.
In this installment of Using The Value Line Report, we will be taking another look at household products retailer Home Depot, Inc. (HD). More specifically, we will analyze what has caused the stock to lose some steam over the past few months. In addition, we will examine its prospects over the next 3 to 5 years to determine whether the equity can regain the impressive form that drove HD’s share price to record highs over the past few years. The Value Line report offers a wealth of data that can prove to be an essential resource for a broad spectrum of investment styles. In this review, we will examine a technical, as well as a fundamental, approach to considering Home Depot’s shares.
The business outlook at Stanley Black and Decker, Inc. (SWK) is promising, despite a somewhat challenging industry environment. The company has strong brand recognition in the industries in which it competes, and also has a diversified product portfolio. However, the company’s focus on the U.S. market could hurt overall results if the American economy falters.