Latest News

Why there is a nearly 50% sale on this doughnut stock: analyst

0

Reuters

Cooling home improvement demand may pressure Home Depot, Lowe’s 2022 sales

Home Depot Inc and Lowe’s Cos Inc may warn of a slowdown in 2022 sales when they report their quarterly results next week to reflect a potential cooling in the U.S. housing market and a rapid rise in inflation. “We expect moderation throughout 2022 to a point where demand is likely at best flattish year-over-year by the back half of the year, and that’s on the back of a slowing housing market and consumer confidence,” Wedbush Securities analyst Seth Basham told Reuters. After two years of robust sales growth, thanks to pandemic-driven demand for tools, paint and gardening equipment from stuck-at-home Americans, both companies are expected to forecast full-year sales growth near levels they saw before the pandemic.

Inflation is sending gold prices higher — one insider reveals the best trade to make

Previous article

Bitcoin Will Continue to Fall in March to Low Levels

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News