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Investments

Home Depot stock takes off

Lowe's falls behind its competitor

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Home Depot (HD) had a late-day surge on the stock market, ending the day up 2.08%, according to the HW 30. Perhaps this is a delayed response to the company’s impressive quarterly report that came out last week.

When building products stocks, such as Lowe’s (LOW) and Home Depot, dipped slightly last week, Barclays Capital predicted a firm rebound, and a rebound it has gotten.

An article by The Motley Fool advised that one thing for investors to watch will be the company’s expectations in 2014 and beyond.

If homeowners keep taking on home improvement projects alongside an improving economy, Home Depot could still continue to grow its comparable-store sales at a high clip, the same article suggested.

On the New York Stock Exchange, Home Depot ended the day trading at $75.43 per share, with an intraday high of $76.15 and an intraday low of $73.82. This was not quite at the 52-week high of $81.56, but fortunately, even further from the 52-week low of $56.20. 

Lowe’s, while picking up steam beside Home Depot, is a bit late to the game. Lowe’s finished Monday up 0.02% on the HW 30. In fact, Lowe’s was downgraded by Thomson Reuters/Verus from a “buy” rating to a “hold” rating in a research note issued Monday, according to The Street.

Lowe’s ended the day trading at $46.99 on the NYSE, with a high of $47.44 and a low of $46.83 for the day.

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