Posted in home remodeling

Lowe’s Charts Are Stronger Than Home Depot’s

During Monday night’s Mad Money program, Jim Cramer told viewers that homes and remodeling continues to gain strength. That’s why Cramer continued to recommend Home Depot (HD) and Lowe’s Cos. (LOW) , among others.

Let’s check them both out.  

In this daily bar chart of HD, below, we can see that prices have been correcting sideways to lower since late August. Prices have been trading through the cresting 50-day moving average line but a downtrend has yet to materialize. The slower-to-react 200-day moving average line has a positive slope.

 

The On-Balance-Volume (OBV) line has been in a decline from the middle of August and tells us that sellers of HD have been more aggressive.

 

The Moving Average Convergence Divergence (MACD) oscillator just dipped below the zero line for a sell signal but it looks like the MACD oscillator has turned upwards yet again to a fresh buy signal.  

 

 

In this

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Posted in home improvement

Can Lowe’s Overtake Home Depot’s Top Spot?

Where do you shop for home improvement projects? For many Americans, increasingly, the answer is Lowe’s (NYSE: LOW). Home Depot (NYSE: HD), a Dow Jones Industrial Average component and the largest U.S. home improvement retailer, benefited enormously from the recent positive trends in home improvement. But competitor Lowe’s did even better, and is right on its heels for the top spot. Can Home Depot keep its lead, or is it in danger of being overtaken by Lowe’s?

Why Home Depot needs to worry

Home Depot has been the leading home improvement chain for decades, being the first to create and expand its big box stores across the U.S. Annual sales came in at more than $110 billion in 2019, a 2% increase over the prior year. The company is admired as solution-driven and agile, and as it helps people across the country with do-it-yourself building projects, sales continue

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