Housing Sector Seems To Be Warming Up After A Rough Winter | Hot Stock Minute – Yahoo Finance

A separate report on Monday from the National Association of Home Builders said U.S. homebuilder confidence rose to its highest level in seven months in August, thanks to an improving job market and mortgage rates that are still near historic lows. Although retail sales overall stalled last month, one category that saw an uptick was sales of building materials, and garden equipment and supplies which grew 0.2% in July from the previous month. One of the lessons were getting out of the general trend in retail is people are willing to spend on things that have some kind of durable value, whether its devices, electronics or of course things for your home. Not so much on things like clothes, or things like consumables that you can easily buy through Amazon ( AMZN ), according to Santoli. Lowes ( LOW ), which is scheduled to report earnings tomorrow, saw its shares rise on the heels of Home Depots better-than-expected results. http://finance.yahoo.com/blogs/hot-stock-minute/housing-sector-seems-to-be-warming-up-after-a-rough-winter-150937772.html

US STOCKS-Wall Street gets lift from Home Depot results, data – Yahoo Finance

TJX Cos gained 6.6 percent to $57.45 and Urban Outfitters rose 4.2 percent to $38.47 after quarterly results. The S&P retail index climbed 1.5 percent and is up more than 5 percent for the month. Elizabeth Arden tumbled 24.8 percent to $14.75 after the company reported the biggest quarterly loss in its history due to a steeper-than-anticipated fall in sales of celebrity perfumes. Retailer Dick’s Sporting Goods advanced 5.3 percent to $45.83 after second-quarter results topped analysts’ forecasts. http://finance.yahoo.com/news/us-stocks-wall-street-gets-142904813.html


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