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I’m optimistic about home improvement sector: CEO


I’m optimistic about home improvement sector: CEO

I’m optimistic about home improvement sector: CEO
News from CNBC:

This week, home improvement retailers Home Depot and Lowe’s also reported earnings beats and strong sales growth at comparable stores.

Some investors are concerned that an anticipated rise in interest rates later this year could derail housing market growth, but both Home Depot and Lowe’s have continued to do well in past monetary tightening cycles, Oppenheimer & Co. analyst Brian Nagel said.

“All the chatter about higher rates I don’t think are much of a real threat to these stocks,” he told “Squawk Box.”

Recent weakness in new home construction data has not affected Mohawk’s business because the company’s product is the last thing to go into the home before it is completed, Lorberbaum said. he noted that Mohawk is currently putting flooring into projects that were started six to 12 months ago.

The company has been shielded from the impact of a strengthening dollar because its manufacturing is located…………… continues on CNBC

… Read the full article

Related News:

Jim Cramer Says the Home Improvement Category Is on Fire
News from TheStreet.com:

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…………… continues on TheStreet.com
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