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July 1, 2022

Home Depot Inc

Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailers

CNBC
CNBC – For more and to sign up click here Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional......

Warehouse giant Prologis, a major Amazon landlord, to buy rival Duke Realty in $26 billion deal

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CNBC – For more and to sign up click here Signage outside a Prologis warehouse occupied by Kuehne + Nagel in Redlands, California, U.S., on Sunday, Nov. 7, 2021. Fallout from the global supply-chain crisis is clogging U.S. ports, pushing warehouses to capacity and forcing logistics managers to scramble for......

What retail inventory misses and markdowns signal about the market’s fight against inflation

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CNBC – For more and to sign up click here Jay Laprete | Bloomberg | Getty Images Retailers are missing and missing big. It started last week with the Walmart and Target results which showed big inventory builds and the need for markdowns, and it’s been followed up by weak......

Costco gets whacked in retail bloodbath. Here’s why we’re sticking with it

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CNBC – For more and to sign up click here Retail stocks are getting slammed. However, “I’m willing to own Costco through the cycle,” CNBC’s Jim Cramer said Wednesday. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer

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CNBC – For more and to sign up click here Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly......

Lowe’s sales miss expectations as cool spring weather weighs on demand for outdoor products

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CNBC – For more and to sign up click here A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday missed Wall Street’s sales expectations for the first......

Target will report its earnings before the bell. Here’s what to expect

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CNBC – For more and to sign up click here Target will report earnings before the bell Wednesday, shedding light on consumer spending as prices rise from inflation and pre-pandemic expenses like commutes, dining out and summer vacations return. Here’s what Wall Street is expecting for the fiscal first quarter,......

Home Depot raises full-year outlook after earnings beat, record first-quarter sales

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CNBC – For more and to sign up click here Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record. Shares of the company rose 4% in premarket trading. Here’s what Home Depot reported compared with what Wall......

Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

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CNBC – For more and to sign up click here A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners......

Investors could get a reprieve from vicious stock sell-off in week ahead

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CNBC – For more and to sign up click here Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses......

Cramer’s week ahead: Retail giants report earnings, stay away from ‘toxic’ stocks

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CNBC – For more and to sign up click here CNBC’s Jim Cramer said Friday that he’s breathing a sigh of relief as beaten-down stocks ‘have already taken enough hits,’ allowing investors to trade in a safer environment next week –  though they still need to tread carefully. “When we’ve......

Major companies, including Disney and Walmart, keep largely silent as leaked Supreme Court abortion draft sparks outrage

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CNBC – For more and to sign up click here Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion......

Russia’s invasion of Ukraine is driving up air cargo costs

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CNBC – For more and to sign up click here A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport. Jan Woitas | Picture Alliance | Getty Images The cost of transporting goods by air has surged since Russia’s invasion of Ukraine last week, just as consumers are already......

Top Wall Street analysts like these stocks amid the market turbulence

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CNBC – For more and to sign up click here The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Stocks have been volatile over the last two months, and the way ahead is looking tumultuous. Investors are contending with an array......

One key to Home Depot’s growth strategy: Nabbing bigger orders from home professionals

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CNBC – For more and to sign up click here A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot‘s next CEO Ted Decker said he wants home professionals......

Home Depot beats estimates, retailer says it sees sales growth ahead for 2022

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CNBC – For more and to sign up click here A shopper leaves a Home Depot with merchandise that she purchased on August 17, 2021 in Alexandria, Virginia. Alex Wong | Getty Images Home Depot on Tuesday said sales grew 11% in the fiscal fourth quarter, as the retailer topped......

Inside the $644 billion business of reselling returned items, from electronics to bizarre finds

CNBC
CNBC – For more and to sign up click here Inside Liquidity Services‘ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Target, Sony, Home Depot, Wayfair and more, all in the process of being liquidated. “Liquidators are coming in......

Russia’s Ukraine threat and worries on Fed rate hikes could make for a turbulent week in markets

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CNBC – For more and to sign up click here Traders working on the floor of the NYSE, Feb. 16, 2022. Source: NYSE The stock market faces another turbulent week, as investors watch the situation in Ukraine and continue to adjust portfolios ahead of the Federal Reserve’s interest rate hikes.......

Walmart’s earnings may signal if shoppers are spending or getting spooked by inflation

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CNBC – For more and to sign up click here When Walmart reports quarterly earnings Thursday, investors will scour sales numbers and executives’ comments for clues about whether rising prices are making shoppers skittish. The retail giant is closely watched as a bellwether of inflation. “Any sort of wavering in......

Here’s how inflation is hitting everything you buy for your home

CNBC Real Estate
Lorena Fortuna, right, and her husband Anderson, holding their daughter Valentina, look at outdoor furniture at the Jordan’s Furniture store in Reading, Mass. on Friday, June 7, 2019. Gregory Rec | Portland Press Herald | Getty Images Demand for home remodeling jumped dramatically in the last two years, as Americans......

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