Home Improvement Industry Stocks Trending Down
The Hard Fax Composite of home improvement
industry stocks fell 11 points in the latest week of trading to end at 1318, down
from 1329 the prior week, and is currently up 16 percent on the year. The Dow Jones Industrial Average fell 217
points for the week, ending at 12821, or plus five percent on the year.
Last week the market basket of 28
industry-related stocks produced 16 losers and 12 gainers.
Our bellwether
retail stocks continue to perform well on a year-to-date basis. Home Depot is
up 20%, Lowe’s is up 17% and Tractor Supply is up 41%. Last week, however, Depot and Lowe’s both
lost (-1.62 and -1.46, respectively), while Tractor Supply continued to
outperform with a gain of 2.16.
-TVG
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