Trading Radar: Stock to Watch is Home Depot
Stay one step ahead of the rest.
A number of Wall Street firms have said that Home Depot will be the company to watch next week when it reports earnings. Last week both Jefferies and Credit Suisse said they like the company into its report thanks to improvement in the housing market. Jefferies raised its price target on Home Depot to $32. Current analysts estimates call for EPS of $0.59 on revenues of $19.199 billion
Monday, August 17
Economics
08:30 Empire Manufacturing 2.20 (cons)
09:00 Net Long-Term TIC Flows $17.5b (cons)
Earnings
Before: GSOL, LOW, VAL
After: A, AMCN, CHINA, FMD, SCR, TSL
Auction
1:00 3-Month Bill
1:00 6- Month Bill
Tuesday, August 18
Economics
08:30 Building Permits 567k (cons)
08:30 Core PPI 0.1% (cons)
08:30 Housing Starts 598k (cons)
08:30 PPI -0.2% (cons)
Earnings
Before: CAH, FREE, HD, PRGO, SKS, SOLF, TGT, TJX, TWB
After: ADI, HPQ, LZB
Wednesday, August 19
Economics
10:30 Crude Inventories
Earnings
Before: BJ, DE, EV, FLO, PERY, YGE
After: CTRN, CYBX, GYMB, HAR, JDSU, LTD, PETM, PVH, SNPS
Events
EAC, ESV, KEG, TTES and WTI at Pritchard Capital Partners Mini-Conference
FTEK at PennWell Corporation COAL-GEN Conference
Thursday, August 20
Economics
08:30 Initial Jobless Claims
10:00 Leading Indicators 0.6% (cons)
10:00 Philadelphia Fed -2.0 (cons)
Earnings
Before: FLWS, BKS, BONT, PLCE, GME, DKS, HNZ, HRL, ROST, SHLD, SMRT, STP, BKE
After: ARO, BRCD, JRJC, FL, GPS, INTU, OTEX, CRM, PSUN, TSCM, WTSLA, ZUMZ
Friday, August 21
Economics
10:00 Existing Home Sales 5.00M (cons.)
Earnings
Before: ANN, SJM
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