Analyst sees possibility for Home Depot market share improvement when once sector rebounds ATLANTA (AP) -- Shares of The Home Depot Inc. rose Tuesday after an analyst said the world's largest home improvement chain was poised to gain market share when the sector's sales begin to improve.Currently, the stock is up 6.81% to $25.57. I am a very big believer in Frank Blake.Citigroup Investment Research analyst Deborah Weinswig told investors in a research note Monday evening that the Atlanta-based company is off to a "solid start" on its efforts to roll out a series of regional distribution centers called "rapid deployment center"
"While the housing market remains challenging, we believe that (Home Depot) is well-positioned to gain market share when home improvement sales begin to improve," Weinswig wrote.
The rapid deployment centers are smaller than traditional distribution centers and are designed to allow Home Depot to improve its in-stock offerings, increase inventory turnover and lower the cost of getting merchandise on to store shelves.
Nike (NKE) is breaking out above $60. The stock is up 2.39% to $60.06. It is finally starting to look like the street is realizing the sales Nike can generate because of the Olympics.
Crude Oil and Natural Gas stocks continue to be weak. Crude Oil falls to $126.51 while Natural Gas stays flat around $10.10. Oil & Gas UltraShort (DUG) is up6.24% to $35.94.
Frontline Shipping (FRO) is up 5.98% to $68.70 on an upgrade from JP Morgan citing potential for dividend expansion.
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