The U.S. stock market opened lower this morning, managed to rally in the early afternoon, but ultimately closed on a weak note. At the end of trading, the Dow Jones Industrial Average was down 33 points; the S&P 500 Index was off three points; and the NASDAQ was lower by five points. Nonetheless, market breadth was mixed, with advancers about even with decliners on the NYSE. Further, the main equity sectors put in a divided performance.
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.