 |
Home > Publications > Wall Street Strategies > Article
|
|
 |
|
|
 |
 Securities Operations Forum has a special arrangement with Wall Street Strategies to provide access to this daily market commentary for free to SOF users. WSS provides independent investment advice and is not affiliated with any broker or underwriter. To receive a free personal email with the daily commentary, subscribe here.
|
 |
 |
 |
 |
| 2010-02-19 01:44 |
MARKET LIKES MEA CULPA
|
I've watched a lot of this kind of stuff over the years, when OJ Simpson was found not guilty the stock market moved lower. Today, the
market was down when Tiger Woods began speaking and as he went down the line of apologies, the market firmed and then shot higher as he wrapped up. I
think that it was good and heartfelt. It was better than I expected for something so staged. I'm rooting for him and his family. When he hugged his
mother that hit me, I never want to embarrass my mother; I understand how that must have hit him in the gut. As for the market, I think that the
session was set up for an intraday rebound when the market overreacted last night.
This was a great week for the market, although I have to
add the caveat that volume was never convincing. Yet that was the story last year, too, low volume kept many cash-rich investors on the sidelines.
There is a chance that the same could happen again. It's not just individual investors but professionals, too, who watch many things other than the
action and indications of the market. Although the latter set has to be concerned about not making their client's money for the second year in a row,
individual investors will just rationalize it and whenever the market corrects again assuage their mistake...even if it's ten years from now.
Looking Deeper into the Operations of Home Depot and Lowe's
By: Brian Sozzi, Research Analyst
We have been hard at
work in preparation for the upcoming 4Q09 earnings releases from Home Depot Inc. (HD) and Lowe's (LOW) next week. These reports, in many respects,
will be some of the most important we have heard from the home improvement retailers in quite a while (despite the fourth quarter usually being the
smallest component to the annual base for the sector) given the tangible signs of a turn of the U.S. housing market in recent months. Will improving
demand trends in existing home sales and the remodeling market find their way into the FY10 outlooks by the companies? We will touch upon this in our
earnings previews. However, we believe it's a prudent exercise to breakdown the companies at the respective points in their life in anticipation of a
housing recovery reflecting more prominently on sector sales and earnings in FY10 and FY11. While theoretically each company should benefit from new
homeowners/existing homeowners returning to the remodeling market or house flippers sprucing up recently purchased foreclosed/short sales properties,
one stock stands to outperform the other. In our view, the outperformer is Home Depot, and is why we have had a buy rating on the stock for our
institutional service since March 24, 2009.
Please visit www.wstreet.com to read the remainder of
piece. |   
| Delivery, and or timely delivery of Internet mail is not guaranteed. Wall Street Strategies
therefore recommends that you do not rely on email as your sole method of communication with us. We recommend using your company email address or one
issued to you by your Internet Service Provider. Free web-based email accounts like Hotmail and Yahoo are not advised as they are subject to quotas,
filters and frequent delays.
Disclaimer: All investment entails inherent risk. Wall Street Strategies' research seeks to assist investors in
determining when to buy and when to sell to attempt to maximize profits or minimize losses. All final investment decisions are yours and as a result
you could make or lose money. Wall Street Strategies, its employees and/or its affiliates and family members may from time to time take positions in
the open market or otherwise with respect to the securities discussed. Wall Street Strategies, its employees and/or affiliates do not have stock
ownership equal to or greater than 1% of the outstanding stock of the covered company nor does any employee of Wall Street Strategies sit on the Board
of Directors of any covered company. Wall Street Strategies is not a broker/dealer, and the firm does not underwrite securities, manage assets or
perform investment banking activities. The statements made herein include information obtained from sources believed to be reliable, but no
independent verification has been made and we do not guarantee its accuracy or completeness. The statements made herein contain general information
and do not constitute an offer to buy or sell any security.
61 BROADWAY SUITE 1425, NEW YORK, NY 10006 Tel: 212-514-9500 Fax:
212-514-9582
-
58340 | |
|
 |
Disclaimer: Securities Operations Forum is providing this research to assist investors in determining when to buy and when to sell. All investment decisions are yours and as a result you could make or lose money. Securities Operations Forum, its employees and/or its affiliates and family members may from time to time take positions in the open market or otherwise with respect to the securities discussed, but not have stock ownership equal to or greater than 1% of the outstanding stock of the covered company nor does any employee of Securities Operations Forum sit on the Board of Directors of any covered company. The statements made herein include information obtained from sources believed to be reliable, but no independent verification has been made and we do not guarantee its accuracy or completeness. The statements made herein contain general information and do not constitute an offer to buy or sell any security. |
