Home Depot up as investors eye supply sale
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Shares of Home Depot Inc  were up  1.3 percent on Friday as investors waited for word about  whether a sale was on or off for the home improvement  retailer&#39;s contractor business.
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Stocks rose on Thursday after a Wall Street Journal report that Bank of America  is in talks to buy mortgage lender Countrywide Financial Corp  sent financial stocks higher.
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Home Depot Inc. HD.N on Tuesday  reported a 19 percent rise in second-quarter profit, topping  estimates, as store renovations and efforts to improve service  drove higher average sales in every category.
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Stocks rose on Wednesday as Home Depot  Inc.&#39;s  plan for a $22.5 billion share buyback  underscored optimism about equity valuations, along with the  growing allure of large-cap stocks, including General Electric  Co. .
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Home Depot Inc. <HD.N, the world's largest home improvement retailer, on Tuesday said quarterly profit rose, boosted by its services and professional supply businesses.
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Stocks rose on Tuesday, as investors snapped up shares in sectors seen likely to withstand a slowdown in growth following reports pointing to further weakness in housing.
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Sales might be down, but the stocks are rising.
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The Home Depot Inc., buoyed by robust sales, posted nearly a 19 percent jump in second-quarter profit, prompting the retail giant to raise its earnings outlook for all of 2004.
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Shares of Home Depot Inc.  rose 2  percent on Monday after published reports, citing unnamed  sources, said the home improvement retailer agreed to cut the  price in the sale of its supply unit by $1.8 billion to $8.5  billion.
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U.S. stocks were steady to slightly higher on Wednesday as Home Depot Inc.'s  plans for a $22.5 billion share repurchase rekindled optimism about valuations and tempered concerns about higher interest rates.
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Stocks rose on Friday, after data showed new home sales unexpectedly rose in July and new orders for durable goods surged, reassuring investors about the economy's health, although credit concerns remained.
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Oil company shares climbed on  Thursday, helped by higher crude prices, while retailers  offered a mixed picture on holiday sales in December.
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Stocks were expected to open higher on Tuesday as news of proposed mergers and acquisitions underpinned optimism about the equities outlook after the holiday weekend.
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Stocks headed for a higher open on Thursday as signs of continued strength in the labor market boosted optimism about the economy's health and the profit outlook.
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You gotta hand it to Home Depot (NYSE: HD). Big as the company is, it doesn&#39;t waste time in reacting when it sees either an opportunity or a threat to its business.
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Options traders have been scooping up  bullish calls in Home Depot Inc.  hoping to profit from a  run-up in the shares of the retailer partly spurred by  speculation that hedge fund manager Edward Lampert would invest  in the company, option traders and analysts said.
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Shares of Home Depot Inc. (HD.N: Quote, Profile, Research) , the largest US home improvement retailer, may extend gains amid solid expected growth in sales of homes and home improvement