Home Improvement Industry Stocks Continue to Gain
[Monday, August 20, 2012] 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.
The full stock chart, plus links to live quotes, is here:
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