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Lowe's 4Q results surge as people plow money into homes
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ASX to jump as Wall Street gets boost from Fed chief
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Lowe's 4Q results surge as people plow money into homes
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Home Depot Inc. (NYSE: HD) on Tuesday while rival
Lowe s Cos. Inc. (NYSE: LOW) follows on Wednesday. Hot rocket
NVIDIA Inc. (NASDAQ: NVDA) and cloud powerhouse
Salesforce (NYSE: CRM) will also report this week.
Home Depot
For the fourth quarter, Wall Street analysts are expecting HD to post $2.37 in per share earnings on revenues of $27.1 billion. What analysts are wondering is whether the housing market can remain resilient, since Home Depot has benefited from a consistent rise in new home construction and home remodeling projects.
Despite rising 6.5% year to date, its stock has seemingly hit a wall as shares have traded flat over the past six months, compared to 16% rise in the S&P 500 index. Nonetheless, the home improvement giant has established a strong track record for beating consensus estimates, with profits beating Street forecast in every quarter over the past half of a decade. Wall Street finds that the pandemic environment has created an opportunity for H