RomanBabakin/iStock Editorial via Getty Images DBS Group logo (DBS Group) Investment Thesis It was roughly one year ago that we upgraded DBS Group Holdings Ltd. (OTCPK:DBSDY) (OTCPK:DBSDF) from a Hold to a Buy. We concluded then that the pullback in share price from S$35 to $28 made DBS shares attractive enough to Buy. Please do…
Serenethos Earnings of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) will likely increase slightly this year on the back of loan growth. On the other hand, margin contraction will limit the earnings growth. Overall, I’m expecting the company to report earnings of $1.97 per share for 2024, up 1.8% year-over-year. Compared to my last report on…
The world is becoming an increasingly unstable place politically and economically speaking. Many people all over the world are currently living somewhere presenting serious risks to their livelihood and well being, everything from totalitarian and persecutory governments to the general state of the economy deteriorating so badly that their ability to sustain themselves is in…
Jessie Casson/DigitalVision via Getty Images Some air has started to come out of the home building stocks here in April, after a big move up off the market’s recent lows in late October 2023. The SPDR S&P Homebuilders ETF (NYSEARCA:XHB) is down some 10% for the month to date. Which way will the sector go…
alvarez/E+ via Getty Images Oops! All investors have their regrets. I share one with many people – Amazon (AMZN). I bought some around the year 2000, but fairly quickly sold it. Another regret is The Home Depot, Inc. (NYSE:HD). Someone told me to buy it in about 2009. It was an interesting enough idea to…
LeManna In February 2024, the median new home price sold in the United States fell to $400,500. While this initial estimate will go through three sets of revisions before being finalized, it, so far, represents the lowest median price recorded for a new home since June 2021. The typical new home sold in the United…
ricardoreitmeyer Early January this year, I wrote a bullish article on Blue Owl Capital (NYSE:OWL) establishing a clear buy rating considering the underlying focus on private credit space, which exhibits secular tailwinds. Another driver behind the bull thesis here was the relatively attractive dividend of ~ 4% that in conjunction with resilient and growing asset…
OceanFishing/iStock via Getty Images Introduction Shares of The Home Depot, Inc. (NYSE:HD) – the world’s largest home improvement retailer by net sales – have been on a spectacular bull run since bottoming in October 2023. I cover the company more or less regularly here on Seeking Alpha, most recently in November when I wrote my…
Justin Sullivan March 28th ended up being a really interesting day for shareholders of home improvement retailer The Home Depot (NYSE:HD). After the market closed, the management team at the business announced a massive acquisition. According to the press release issued regarding the deal, the company has agreed to acquire SRS Distribution, a privately owned…
Martin Barraud/OJO Images via Getty Images It happened again in February 2024. The size of the U.S. new home market as measured by its market capitalization shrank for the fifth month in a row. Political Calculations’ initial estimate of the size of the new home market cap in February 2024 is $26.38 billion. This estimate…
JHVEPhoto A year ago, I made the case for home builder Taylor Morrison Home Corporation (NYSE:TMHC) but waffled on the rating (with a hold) because, at the time, a nascent breakout to all-time highs looked ready for a rest. The breakout soon continued. While TMHC eventually pulled back and tested the breakout point, the stock…
Brandon Bell/Getty Images News Introduction I am a huge fan of The Home Depot, Inc. (NYSE:HD) for various reasons. It’s one of America’s most iconic DIY stores, which not only has a duopoly with its peer Lowe’s (LOW) in various segments but also a lot of room left in an addressable market close to $1…
Walmart will begin its second half century of dividend growth in late February. Alexander Farnsworth/iStock Editorial via Getty Images This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of January, I provided predictions for 20 dividend growth companies that…
Quipt Home Medical Corp. (NASDAQ:QIPT) Q1 2024 Results Conference Call February 15, 2024 10:00 AM ET Company Participants Greg Crawford – Chairman, CEO Hardik Mehta – CFO Conference Call Participants Richard Close – Canaccord Genuity Cooper Douglas – Beacon Securities Michael Freeman – Raymond James Julian Hung – Stifel Stefan Quenneville – Echelon Capital Markets…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ireland will soon launch a compensation scheme for survivors of the country’s notorious mother and baby homes but GSK has resisted calls to contribute despite its predecessor companies testing experimental vaccines at the institutions for…
ArtistGNDphotography Buy land, they’re not making it anymore.” -Mark Twain Today, we put Taylor Morrison Home Corporation (NYSE:TMHC) in the spotlight since our last piece on the name in October of 2022. The stock of this home builder sold off in trading on Tuesday. The shares fell nearly six percent on the day while the…
Justin Sullivan/Getty Images News Almost two years ago, we published a bullish article on Home Depot (NYSE:HD) titled: “Home Depot: Use The Dip To Climb Aboard This Long-Term Wealth Compounder“, where we covered the company in depth. In the piece, we analyzed the company’s consistent long-term top- and bottom-line growth profile, leading market position, and…
Justin Sullivan Home Depot (NYSE:HD) is a portfolio staple, and while it should not be considered to be a large contributor to alpha, it remains a key tool to diversify and mitigate risk. I am confident it is one of the best stocks to own for this reason and provides protection from potential volatility in…
Justin Sullivan Introduction The current economic climate presents a unique landscape in the consumer discretionary sector. Amidst increased business uncertainty, investors often prefer less volatile and cyclical investments, leading to a general fear of consumer discretionary stocks. However, this is precisely when high-quality companies in this sector can stand out. Possible market sell-offs, driven by…
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Q4 2023 Earnings Conference Call January 18, 2024 2:00 PM ET Company Participants Donna Townsell – Director, Investor Relations John Allison – Chairman Brian Davis – Chief Financial Officer Stephen Tipton – Chief Operating Officer Kevin Hester – Chief Lending Officer Chris Poulton – President, CCFG Tracy French –…
KB Home (NYSE:KBH) Q4 2023 Earnings Conference Call January 10, 2024 5:00 PM ET Company Participants Jill Peters – SVP, IR Jeffrey Mezger – Chairman, President & CEO Robert McGibney – EVP & COO Jeff Kaminski – EVP & CFO Conference Call Participants John Lovallo – UBS Stephen Kim – Evercore ISI Alan Ratner –…
kschulze For several months, I noticed that building permits did not reflect the dour mood implied by the Housing Market Index (HMI) published by the National Association of Home Builders (NAHB). The HMI reflects builder sentiment and, until November’s 3-point rise, it declined sharply for four straight months. Yet, permits to build single-family housing rose…
Phynart Studio/E+ via Getty Images Investment Thesis In recent months, Quipt Home Medical (NASDAQ:QIPT) has continued its impressive journey of growth and strategic expansion. The company has remained focused on its mission of becoming a leading provider in the home medical equipment sector, leveraging both organic and inorganic growth strategies. This commitment is evident in…
Deepak Sethi/iStock via Getty Images Introduction I have always liked Investors Title Company (NASDAQ:ITIC) as I consider property title insurance to be a low-risk business. That’s not just a personal impression: the total amount of provisions for claims is usually just a fraction of the total amount of the premium income. But of course this…
ANNVIPS Investment Thesis D.R. Horton (NYSE:DHI) stands out as a solid investment in the US homebuilding industry. They have consistently demonstrated an ability to navigate shifting housing market trends, a crucial factor in an industry often subject to economic fluctuations. Despite rising interest rates and inflation, DHI’s sales are up 8% this year. The current…
Thomas Barwick/DigitalVision via Getty Images Introduction For a long time now, investors have been seeking more ways to play the sports business market. Historically, public market investors looking for Sports exposure were limited to large sporting goods chains, media companies that held sports rights or partially owned teams and/or fringe sports technology plays. Recently, investor…
kynny/iStock via Getty Images The latest S&P CoreLogic Case Shiller home price data for September was released today and showed a 0.3% month-over-month (m/m) increase in home prices at the national level. Fifteen of twenty cities saw prices rise m/m, with Detroit, New York, and Las Vegas jumping the most, and Minneapolis, Denver, Seattle, Dallas,…
Justin Sullivan Investment Thesis Last time I wrote about Home Depot (NYSE:HD), I talked about how the current macroeconomic climate was putting pressure on the company. In this article, I dissect the company’s Q3 numbers and highlight the key takeaways from what was yet another subdued earnings report. A Snapshot of Q3 Performance Home Depot…
Justin Sullivan What To Expect From Home Depot’s Q3 Earnings The Home Depot, Inc. (NYSE:HD) is one of the bluest of blue chips on the market. It has a storied history as one of the great brands that rose to prominence in the latter half of the twentieth century, but it retains many benefits for…
Zephyr18 The average home price in Canada ($757k) is about 141% higher than what is considered affordable for the average household income. In the highest-population areas, like the Greater Vancouver and Toronto Areas, where incomes and home prices are higher than the national average, the affordability numbers are much worse. Price-to-income ratios in the mid-west…
Serenethos Earnings of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) will most probably remain stable through the end of 2024. Subdued loan growth and slight margin expansion will likely support earnings, while a normal growth in expenses will restrict earnings. Overall, I’m expecting Home Bancshares to report earnings of $2.03 per share for 2023 and $2.04…
Bim/E+ via Getty Images Average listing price rose 2.2% to $47,417. The strikes, if they drag on, could squeeze inventories, which would pressure prices again. Automakers have now reported US deliveries: New vehicle sales in Q3 jumped 20.6% year-over-year to 4.08 million vehicles, according to the Bureau of Economic Analysis today. These cars, SUVs, pickups,…
KB Home (NYSE:KBH) Q3 2023 Earnings Call Transcript September 20, 2023 5:00 PM ET Company Participants Jill Peters – SVP, IR Jeff Mezger – Chairman, President and CEO Rob McGibney – EVP and COO Jeff Kaminski – EVP and CFO Conference Call Participants Matthew Bouley – Barclays Stephen Kim – Evercore Alan Ratner – Zelman…
For centuries, the United States has been a country of immigrants seeking better futures and offering a sanctuary for refugees fleeing war and prosecution. Alongside the dark history of exploitation and injustice, from the genocide of Native Americans to the enslavement of millions of Africans. The 1776 Declaration of Independence declared radical ideas of universal…
honglouwawa “Chickens coming home to roost” is an idiom that’s been on my mind lately – the idea that your actions will ultimately come back to you. I look at it in parenting terms; how children are raised will be reflected in who they become. For example, my mom helped care for my children when…
Justin Sullivan/Getty Images News Back in March, I placed a “Sell” rating on Home Depot (NYSE:HD), on the belief that the stock was overvalued and that the repair and remodel market would start to slow while the company faced pressures from wage inflation and lumber deflation. The stock, however, has been a solid performer since…
Justin Sullivan/Getty Images News Introduction It’s time to talk about one of my all-time favorite dividend growth investments: The Home Depot (NYSE:HD). The last time I covered this beauty was on July 12, 2022. Back then, I wrote an article titled Home Depot: I’m Adding Aggressively To This Beauty. Since then, Home Depot shares have…
jhorrocks Introduction Mortgage rates have doubled and tripled in some countries since 2021. So, why aren’t residential real estate markets more distressed? For example, the average home price-to-income ratio in the United Kingdom is at an astounding 9x. This implies that most borrowers are spending more of their income on interest and amortization payments than…
jhorrocks/E+ via Getty Images Listen below or on the go on Apple Podcasts and Spotify U.S. home sales see first monthly slump since April while long-term mortgages exceed 7%. (00:34) China Evergrande (OTC:EGRNF) files for Chapter 15 bankruptcy in New York. (01:58) CVS Health (CVS) says no near-term impact from PBM contract loss. (02:24) This…
Despite the favorable revenue surprise, Home Depot saw a moderated fiscal year earnings projection implying that the corporation remains cautious about the road ahead. American retail giant Home Depot (NYSE: HD) has once again demonstrated its financial resilience by surpassing Wall Street’s expectations for its Q2 2023 earnings. Despite a slight dip of 2% year-over-year…