Stocks on Wall Street broke out of a three-day slump to open the week following some positive news on the U.S. economy. At the close of trading, the Dow Jones Industrial Average was up 108 points; the NASDAQ climbed 13 points; and the S&P 500 added 11 points. Market breadth affirmed the bullish sentiment, with more than two stocks rising for every one falling on the New York Stock Exchange and a healthy five-to-three edge for winners over declining issues on the NASDAQ.
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.