Home Depot or Lowe’s: Why Not Both?
Research Recap submits:
Unexpectedly strong quarterly results from Home Depot (HD) and Lowe’s, (LOW) along with improved profits at Sears (SHLD), Target (TGT) and Macy’s (M) give cause for optimism that the US economy continues to dig its way out of the recession.
“We think what you are seeing in the numbers from Home Depot and Lowe’s is spend by those people in their homes feeling more confident from when median home values troughed in January 2009,” said Brian Sozzi, an analyst at Wall Street Securities (Financial Times).
Investing, Long Term Investment, stock market | admin February 23, 2010
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