The U.S. stock market registered another loss on Wednesday, with all three major indexes finishing in the red for the day. Equities began the morning lower, and the selloff was stable throughout most of the trading session, with declining issues outnumbering gaining stocks by a significant margin. Late in the afternoon, a modicum of buying resulted in the utilities and financial sectors salvaging slight profits for the day.
In this installment of Using The Value Line Report, we will be taking another look at household products retailer Home Depot, Inc. (HD). More specifically, we will analyze what has caused the stock to lose some steam over the past few months. In addition, we will examine its prospects over the next 3 to 5 years to determine whether the equity can regain the impressive form that drove HD’s share price to record highs over the past few years. The Value Line report offers a wealth of data that can prove to be an essential resource for a broad spectrum of investment styles. In this review, we will examine a technical, as well as a fundamental, approach to considering Home Depot’s shares.
The business outlook at Stanley Black and Decker, Inc. (SWK) is promising, despite a somewhat challenging industry environment. The company has strong brand recognition in the industries in which it competes, and also has a diversified product portfolio. However, the company’s focus on the U.S. market could hurt overall results if the American economy falters.