Posted in lowe's home improvement

Forget Coca-Cola, Home Depot Is a Better Dividend Stock

Finding a good dividend involves more than just screening for high yields and long track records of annual payout raises. Many blue chip businesses would show up in that search, but only a few of these stocks will end up generating the type of market-thumping returns that income investors are reaching for.

That fact shines through when stacking up two Dow giants, Coca-Cola (NYSE:KO) and Home Depot (NYSE:HD). While the beverage titan has plenty of attractive investment qualities, Home Depot looks like the better dividend stock right now.

A couple shopping for appliances.

Image source: Getty Images.

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Sure, Coca-Cola pays a higher yield today, at over 3% compared with Home Depot’s 2%. But that gap is mainly due to investors’ judgments about the two companies diverging growth outlooks. Consumers are more focused on home improvements thanks to pandemic-related changes to shopping and work habits. These shifts have moved against Coke by severely

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Posted in home improvement loans

More PPP loan questions after companies paid dividends, bought their own stock

Under the Small Business Administration rules, a PPP loan could be used only to meet payroll and pay mortgage interest, leases or utility bills. PPP loan recipients weren’t prohibited from paying investors with other funds, as long as the PPP funds were kept separate.

Still, some advocacy groups believe companies that had enough cash on hand to pay millions in dividends and stock purchases were unlikely to qualify for the PPP program, which was designed to assist troubled companies in keeping employees on the payroll during weeks when they were unable to do business because of pandemic-related lockdowns.

“The Trump administration wrote the PPP rules and sent billions of dollars to the well-resourced and well-connected rather than actual small businesses struggling during this public health and economic crisis,” said Kyle Herrig, president of an advocacy group called Accountable.US. “The fact that there was little transparency or accountability under this program

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Posted in home repair

Lowe’s Stock Can Keep Rallying Because People Will Be Spending More Time at Home for Longer

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Lowe’s shares have rallied as the pandemic has spurred people to spend more money fixing up their homes.


Justin Sullivan/Getty Images


Lowe’s

stock has jumped some 35% in 2020, as demand booms amid the Covid-19 pandemic. Loop Capital argues the shares could see another 20% gain, as consumers continue to pour money into their homes.

Analyst Laura Champine reiterated a Buy rating on Lowe’s (ticker: LOW) shares Wednesday, while raising her price target to $195 from $180.

She is increasingly confident that the company will continue to see sales boosted by the crisis, as people realize that they’ll likely be spending more time at home for longer, and need that space to serve more needs than it used to.

Indeed, as Barron’s has reported, the majority of the nation’s public school students were set to start the academic year remotely, while employers warm up to the idea of

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Posted in home improvement loans

KB Home (KBH) Q3 Earnings Beat, Margins Rise, Stock Slides

KB Home’s KBH stock slips 1.5% in the after-hours trading session on Sep 22, after it reported third-quarter fiscal 2020 (ended Aug 31, 2020) results. Although both earnings and revenues topped the respective Zacks Consensus Estimate on solid housing gross margin, the company expects its ending community count to remain relatively flat sequentially for the next two quarters.

Earnings & Revenue Discussion

The company reported quarterly earnings of 83 cents per share, which surpassed the consensus estimate of 50 cents by 66%. Also, the metric grew 13.7% from the year-ago figure of 73 cents per share owing to improvement in housing gross margin.

KB Home Price, Consensus and EPS Surprise

KB Home Price, Consensus and EPS Surprise

KB Home price-consensus-eps-surprise-chart | KB Home Quote

Total revenues of $999 million topped the consensus mark of $896 million by 11.6% but fell 13.9% on year-over-year basis due to COVID-19 impacts.

Segment Details

Homebuilding: For the quarter under

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Posted in improvements

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Posted in home

Why Albertsons Is a Buy: More Meals at Home and the Stock Is Cheap

With Americans eating more meals at home, supermarkets are among the few traditional retailers to thrive, and

Albertsons

Cos., the nation’s fourth-largest grocer, is no exception.

Since the pandemic began in March, the owner of the Safeway and Acme supermarket chains has had sales growth of more than 20% and ample profits. Its stock is a different matter. The company went public in late June at $16 a share, and the stock has since fallen to around $13.

Now is the time to bag these marked-down shares. Albertsons (ticker: ACI) trades at a discount to virtually every company in the grocery business, including dollar stores like

Dollar General

(DG) and the largest food vendor,

Walmart

(WMT).

Albertsons also has an improving outlook and a dynamic CEO in Vivek Sankaran, who joined in 2019 from

PepsiCo

(PEP), where he headed the North American food business.

“We’re undervalued relative to our cash

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Posted in home improvement storest

Home Improvement Stock Falls Lower on Downgrade

Oppenheimer downgraded LOW to “perform” from “outperform”

The shares of Lowe’s Company Inc (NYSE:LOW) are down 1.2% at $161.69, after Oppenheimer downgraded the stock from “outperform” to “perform,” with a price-target cut to $180 from $185. The firm downgraded sector peer Home Depot (HD) as well, noting that home improvement stores’ recent outsized gains could reflect a demand pull going forward. With that being said, the analyst in coverage sees modest upside for the shares in the long term.

On the chats, LOW has been repeatedly rejected by the $171 level as of late, but not before acquiring a fresh Sept. 16 all-time high of $171.72. Now seeing pressure from the 20-day moving average, the equity is on track for its first monthly loss in six, though it does remain up 35% year-to-date.

Coming into today, 18 analysts carry a “buy” or better rating on Lowe’s stock, with the remaining

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Posted in home remodeling

Dow Jones Sinks as Analyst Warns on Apple and Microsoft Valuations; Home Depot Stock Slumps on Slowdown Fears

The stock market was broadly lower on Friday, with the Dow Jones Industrial Average (DJINDICES:^DJI) down 0.13% at 12:05 p.m. EDT. The tech-heavy Nasdaq Composite was the worst performer among the major indexes, hurt by an analyst warning about tech stock valuations.

That warning pertained to Dow components Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), which are trading at historically high valuations after months-long rallies. Both stocks slumped on Friday, as did shares of Home Depot (NYSE:HD) following a separate analyst warning.

A risk dial turned to maximum.

Image source: Getty Images.

Barclays warns about big tech valuations

Mega-technology stocks like Apple and Microsoft have led the way since the market bottomed out earlier this year in the throes of the COVID-19 pandemic. Shares of Apple are up around 46% year to date, while shares of Microsoft have gained roughly 26% in the same timeframe.

This rally in tech stocks has pushed valuations to historically high levels.

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Posted in home improvement loans

New Jersey Lawyer Issued Almost $9 Million in PPP Loans, Bought House, Invested In Stock Market, DOJ Says

A New Jersey attorney was indicted on Tuesday with multiple counts of bank fraud for allegedly obtaining $9 million in federal Paycheck Protection Program (PPP) loans.



a close up of a piece of paper: stock photo


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Jae H. Choi of Bergen County submitted four fraudulent applications for PPP loans to four lenders on behalf of four businesses that were said to provide educational services, according to filed documents and statements made in court. He allegedly lied about the existence of hundreds of employees on the application, manipulated bank records, and falsified a driver’s license—while stating that these companies paid over $3 million in monthly wages.

HEROES vs. HEALS Act: How Stimulus Packages Differ Ahead Of Second Coronavirus Relief Aid

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In one instance, Choi falsely claimed in an email to a lender that he told 150 of his employees that they would lose their jobs because the PPP loans had not

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Posted in lowe's home improvement

Lowe’s Companies (LOW) Dividend Stock Analysis For 2020

Lowe’s Companies Inc (NYSE:LOW), together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating.

Lowe’s Companies Hikes Its Quarterly Dividend

Lowe’s Companies is one of 28 dividend kings in the US. The company last hiked its quarterly dividend by 9.10% to 60 cents/share in August 2020. This marked the 58th consecutive annual dividend increase for the dividend king. Over the past decade, the company has managed to increase distributions at an annualized rate of 19.40%.

Q2 2020 hedge fund letters, conferences and more

The strong growth in dividends per share was aided by growth in earnings per share and the increase in the dividend payout ratio over the past decade.

Between 2010 and 2020, earnings per share rose at an annualized rate of 16.30%/year. Lowe’s

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