Storms are always good for hardware-home improvement superstores, as droves of people stock up on supplies beforehand and work to repair any damage afterwards. If you want to try to profit from the wake of Hurricane Irene, the orange-aproned merchant is the one to turn to.
After Lumber Liquidators cut its full-year revenue forecast Thursday, investors took the nation's largest hardwood flooring specialist to the woodshed. But while the short-term will be challenging, this highly profitable company still has a strong position and ample room to grow.
Spring is just around the corner and as we begin cleaning up our homes and adding a fresh coat of paint to our walls, there are stocks that could benefit. Nikhil Hutheesing and Dan Burrows face-off on three springtime stocks: Sherwin Williams, Toro and Home Depot. Watch the video for the bull and bear cases.
Stocks fell again on Wednesday, and oil prices briefly crossed the $100-a-barrel mark after violence escalated in Libya. Oil traders are spooked about the possible spread of turmoil. Tech bellwether HP's disappointing outlook also hurt.
Deadly clashes in Libya sent shockwaves through various markets yesterday, setting the stage for more turbulence in the sessions ahead. Gold and oil have already spiked higher on world markets, and U.S. investors will also see some major earnings and economic reports.
Many of America's best-known retailers, including Walmart, Home Depot and JCPenney, will be stepping into the earnings spotlight this week. Their reports come on the heels of disappointing January retail sales numbers from the Commerce Department.
