As the housing market improves, Home Depot and paint and coatings maker Valspar have reported higher profits, according to Investors.com.
Home Depot reached a 52-week high after they reported better results in the second quarter than they expected. Valspar’s shares rose 31 percent, but management told the site that it sees a challenging fourth quarter ahead as the global economy remains stuck in low gear.
This news about Home Depot comes shortly after it bought U.S. Home Systems.
Elsewhere in the retail industry their competition, Lowe’s, dipped slightly on IBD’s list of 197 industry groups.
Flooring company Lumber Liquidators stock rose 0.8 percent, and Beacon Roofing Supply advanced 1.5 percent. Big-box retailers overall have seen an improvement in customer traffic, especially in California and Florida, states hit hard by the housing slump. Revenue grew 1.7 percent to $20.57 billion.
This year's NeoCon was an affirming experience.
Every business owner and senior manager is responsible for answering three key questions that guide the activities of their organization.
Sales for the FDM 300 group of companies fell 10.7 percent in 2008.
Integrated system provides immediate real-time production and financial reports.
This report focuses on current trends in kitchen
construction, design and finishes based on surveys at leading
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