Home Improvement Industry
Stocks Continue to Gain
The Hard Fax Composite of home improvement
industry stocks gained 42 points in the latest week of trading to end at 1371, up
from 1329 the prior week, and is currently up 24 percent on the year. The Dow Jones Industrial Average gained 67 points
for the week, ending at 13275, or plus nine percent on the year.
Last week the market basket of 28
industry-related stocks had 24 gainers versus only four decliners.
For the
coming week look for our two bellwether industry retail stocks, Home Depot and
Lowe’s, to move in opposite directions.
On Monday morning of this week, Lowe’s reported disappointing sales and
earnings for the second quarter while Home Depot a week ago reported solid
gains for the same period.
‑ TVG
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