Fast Money Blog- 11/19/21

On Tuesday, November 16th, The Home Depot, Inc. (HD) released their Q3 earnings.  The company reported revenue of $36.8 billion, a nearly 10% increase year-over-year.  Total comparable sales for the quarter increased 6.1% and there was a 12.9% rise in the average ticket.

Home Depot has gained from the continued strong demand for home improvement goods and services, showing that homeowners still have a solid commitment to investing in their homes. 

Five years ago Home Depot stock was trading at $131. Today it’s trading at $405 per share. 

Home Depot continues to be a strong long-term hold in the Wealthy Investor program. Stay with HD as a long-term hold and you will be rewarded within the next 36 months. 

On Wednesday, November 17th, Lowe’s Companies Inc. (LOW) reported third quarter earnings.  Revenue for the quarter came in $22.9 billion, an increase of 2.7% year-over-year.  Comparable sales for the U.S. home improvement business increased 2.6% for the third quarter.  What makes this impressive is that it’s building on a third quarter in 2020 that saw sales surge 28.3% year-over-year.

Another positive note for shareholders: Lowe’s raised its stock buyback target by $3 billion for 2021 to a total of $12 billion.

It’s clear the home improvement sector is on fire. 

Lowes make a great long-term hold for the Wealthy Investor program. 

Stay Patient! Stay Positive!

Tyrone Jackson, The Wealthy Investor