Posted in drywall repair

5 Stocks to Tap Rising Demand in Retail Building Products Space

Favorable housing market trends have brightened up matters for the Zacks Building Products – Retail industry. The space, which mainly caters to home renovation and construction needs, is also gaining from accelerated DIY projects undertaken amid the ongoing coronavirus pandemic. These apart, players are gaining from elevated trends in the digital arena, and are investing in enhancing omni-channel offerings.

Continuation of such upsides are likely to benefit industry participants like The Home Depot, Inc. (HD), Lowe’s Companies Inc. (LOW), Fastenal Company (FAST), Builders FirstSource, Inc. (BLDR) and Lumber Liquidators Holdings, Inc. (LL).

About the Industry

The Zacks Building Products – Retail industry comprises U.S. home improvement retailers, manufactures of industrial and construction materials and distributors of wallboard and ceilings systems. Some of the industry participants also offer products and services for home decoration, repair and remodeling, and in-home delivery and installation services.

The industry players provide a wide array of

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Posted in lowe's home improvement

Will Flu Season Help Work From Home Stocks?

The Coronavirus has forced people to increasingly work and learn from home, causing surging demand for connectivity, collaboration, and cybersecurity-related software. Our indicative theme on Work And Learn From Home Stocks is up by 210% year-to-date, compared to the S&P 500 which is up a mere 4%. Most of these stocks have fared well over the last few weeks as well, as investors bet that the fall flu season could see Covid-19 cases rise in the U.S., calling for greater restrictions and stay-home orders.

To be sure, valuations are high for many of these stocks, but it’s quite possible that the pandemic will result in a structural shift of sorts, benefiting these companies in

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Posted in home

Stay-at-Home Stocks Send Markets Soaring Friday

The stock market has been looking for a strong recovery, and on Friday, it finally got one. Even though investors are still uncertain about what another potential round of federal government stimulus might look like or whether the COVID-19 crisis will continue, they nevertheless feel confident that the long-range prospects for the economy and the markets are sound. That helped lift the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite (NASDAQINDEX:^IXIC) considerably on Friday.

Today’s stock market

Index

Percentage Change

Point Change

Dow

+1.34%

+359

S&P 500

+1.60%

+52

Nasdaq Composite

+2.26%

+241

Data source: Yahoo! Finance.

Earlier this year, investors seemed to have the idea that the key to a permanent recovery would be for things to return as much to normal as possible. As 2020 has progressed, though, many market participants are getting more comfortable with the idea that the pandemic might create some

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Posted in home improvement loans

New Home Sales Strongest Since 2006: Top 7 Housing Stocks

Sales of new single-family homes exceeded 1 million in August 2020, marking the highest level since September 2006. The metric, which has been rising for four consecutive months, exceeded analysts’ expectation by 13.6%.

The U.S. housing market has shown a resilient performance over the past few months despite ambivalent market predictions and fears of a second wave of the virus. Not only did the industry offset these COVID-19-related headwinds but also tackled lumber price swings, mortgage delinquencies, U.S.-China trade spat, labor shortage and inflating land prices.

This industry has experienced a strong V-shaped recovery since May and its growth is now exceeding pre-pandemic levels fueled by the work-from-home initiative and record low mortgage rates.

Since May, the Zacks Building Products – Home Builders industry has improved 57.1% compared with the Zacks Construction sector and S&P 500 composite’s 35% and 14.6% rally, respectively.

Inside the Numbers

August new home sales increased

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Posted in remodeling

5 Top Stocks From the Building Products Industry to Look Out For

Strong demand arising from the V-shared recovery in the housing market and a surge in repair and remodel (R&R) and “do-it-yourself” (DIY) activity will benefit companies under the Zacks Building Products – Miscellaneous industry. Apart from the stable end-market demand, benefits from geographic and product diversification strategies, operational excellence and accretive buyouts are expected to provide more strength.  

Advanced Drainage Systems, Inc. (WMS), Installed Building Products, Inc. (IBP), TopBuild Corp. (BLD), Masco Corporation (MAS) and Gibraltar Industries, Inc. (ROCK) are set to benefit from increasing demand from strong housing/R&R activities.

Industry Description

The Zacks Building Products – Miscellaneous industry primarily comprises manufacturers, designers and distributors of home improvement and building products like ceiling systems, doors and windows as well as flooring and metal products. Some of the industry players provide solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries.

A few industry participants

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Posted in lowe's home improvement

Top Home Improvement Retail Stocks To Watch Before October 2020

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (StockMarket.com via COMTEX) —
Are These The Best Home Improvement Retail Stocks To Buy Right Now?

Retail stocks were harshly affected by the pandemic when it arrived. Some retail companies were able to perform well like Target Corporation (TGT Stock Report) and Walmart Inc. (WMT Stock Report). This was due to them staying open despite the worldwide closures of retail stores. It seems like home improvement companies were able to see the same benefits as the companies mentioned above.

This is due to the large increase in home improvement during the quarantine. Since people are or were stuck at home, home improvement has been the main focus for plenty with nothing else to do. So the top home improvement retail stocks being open for the majority of 2020 has caused them to perform well.

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Posted in home

Stay-at-Home Tech Stocks Rally as Reopening Plays Slump

Tech stocks are holding up relatively well during today’s market selloff, and quite a few of the names seen as winners in the current environment are actually rallying.



a street sign in front of a building: Stay-at-Home Tech Stocks Rally as Reopening Plays Slump


© TheStreet
Stay-at-Home Tech Stocks Rally as Reopening Plays Slump

While the Dow and the S&P 500 at this writing are down 2.8% and 2.2% respectively, the Nasdaq Composite is down 1.3%.

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And the Nasdaq 100 index, the weighting of which skews heavily toward big-cap tech companies, is down just 0.9%.

Worries about a recent spike in global covid-19 cases and related concern about the virus’s economic impact in the coming months are apparently weighing on equity markets today.

Against that backdrop, many investors are once more treating companies whose products and services help consumers work, learn and/or entertain themselves remotely like safe havens — despite the high valuations many of them carry.

Zoom Video Communications is up 6.1%, Fastly

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Posted in home improvement storest

6 Home Improvement Stocks to Spruce Up Your Portfolio

Home improvement companies are having a moment.

All around the country people remain locked up at home, staring at the same four walls day in and day out because of the pandemic. The desire to improve one’s home, the need for something new and the sheer monotony of remaining indoors all day have led to a surge of interest among consumers in home improvement projects. Do-it-yourself projects and renovations are on the rise around the country. Companies that can supply customers with everything they need to spruce up their homes are enjoying impressive gains as a result. In fact, all six of the companies on this list have enjoyed tremendous growth over the last few months — and the long-term tailwind of an improving housing market gives all six of these home improvement stocks an excellent opportunity to enjoy impressive returns well into the future.

Home Depot (ticker: HD)

Thanks

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Posted in home

Home Builder Stocks Rise as Confidence Hits a Record High

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NAHB chief economist Robert Dietz said builders are benefiting from high traffic, but warned about the rising cost of lumber.


Harald Tjostheim/Dreamstime.com

Home builders’ exceptional summer isn’t over yet. A monthly housing market gauge measuring builder confidence has hit its highest point in 35 years, the National Association of Home Builders, or NAHB, reported Wednesday.

The NAHB/Wells Fargo Housing Market Index rose to a reading of 83 in September, the trade organization said, surpassing a previous record of 78. All three components of the survey—which measure builder perceptions of current sales conditions, sales expectations over the next six months, and traffic of prospective buyers—reached new highs amid historic traffic fueled by low interest rates and migration trends, the trade group said in a release.

Like many housing indicators this year, the confidence index has been on a wild ride. As the coronavirus pandemic thrust the industry into uncertainty,

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Posted in home improvement

Home Improvement Stocks Vie With Tech for an Investor Reckoning

(Bloomberg) — Global tech stocks aren’t the only ones due an investor checkup. Home improvement companies have also surged during the pandemic, and it’s fair to ask if this is as good as it gets.

An equal-weighted basket of 30 of the world’s biggest home improvement companies is up 23% this year, easily besting the 2% rise in the MSCI AC World Index, according to data compiled by Bloomberg. The gauge has almost doubled from its March lows, outpacing even the 63% rise in the high-flying Nasdaq-100 Index.

The gains have left stocks in the basket — including U.S. giant Home Depot Inc., Kingfisher Plc from the U.K. and Germany’s Hornbach Holding AG — trading on an average of 25 times forward earnings, up from 19 times at the end of February.



a screenshot of a cell phone on a table: Global home improvement stocks have surged this year


© Bloomberg
Global home improvement stocks have surged this year

While the coronavirus has upended large swathes of

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