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Trading Radar: Stock to Watch is Home Depot

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Stay one step ahead of the rest.

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Next week traders will shift their focus back to earnings as a final bunch of big cap companies report. Investors will be sifting through reports from Home Depot (HD), Target (TGT), Deere (DE), Sears Holdings (SHLD), Heinz (HNZ), and Gamestop (GME).

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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No positions in stocks mentioned.

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