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Cabinets?! The real estate market has been benefiting from low mortgage rates, and companies like American Woodmark should succeed well after a vaccine is out. From a pure technical perspective, there are a few things that make AMWD’s chart an attractive set up. A MACD buy signal convergence is possibly forming, which I could possibly be confirmed, by the price action maintaining support on the 20-day MA on the Bollinger Bands. If we can maintain this, there is a chance AMWD can break out. AMWD needs to break 98.44 for a chance at the 100’s. 98.44 as resistance seems to be confirmed based off the volume shelf. Next level is 105.35, with a possible upside of 116.24. AMWD has built an uptrend like most companies have since March. However, companies involved in real estate/housing retail seem to have higher upside as opposed to other “stay at home” plays. I am purely looking at this from a technical perspective and I think AMWD has a better set up in those regards than it’s competitors such as – Wayfair ($W), Restorative Hardware ($RH), Fortune Brands (BHS), FirstService (FSV)
NASDAQ:AMWD
by itsmiguelsol
HD bearish scenario:🌟HD bearish scenario: We have technical figure Triangle in US company The Home Depot Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States supplying tools, construction products, and services. The Triangle has broken through the support line at 18/11/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 4 days towards 263.44.00 USD. Our stop loss order should be placed at 281.29 USD if we decide to enter this position. 💚fundamentals- The retail sales report released by the Commerce Department showed spending decelerating as the holiday shopping season approaches amid a lack of forthcoming fiscal relief from Washington.
NYSE:HD
by legacyFXofficial
$HOME At Home Group Inc - Breakout & Retest$HOME At Home Group Inc Breakthrough ~$17.50 resistance earlier this month with successful retest last week. Earnings coming up tomorrow after the close. I'm bullish for two reasons: 1) They already reported on 7/29 preliminary Q2 net sales with comparable store sales up 42%. 2) With low interest rates and the housing market booming right now, all those new homes need to be furnished. Note: Post earnings reactions can always go either way. This is not investment advice. Medium term target: $24.50 by end of Sept
HLong
by Triple_Barrel_Capital
The velocity of money is plunging so let's make some coin off itHardly surprising though, this has taken place whenever GDP contracts & unemployment increases as it certainly will this year. I think one would suspect that this could lead to risk of deflationary effects - which I know sounds odd when one thinks and sees first hand the rampant money printing and radical expansion of money supply, and inflation increasing. I am still heavily biased towards inflation arising over the next few years, with rates eventually rising to combat inflation - but I do want to be on the lookout for any hints as swiftly as possible that my ideology may be wrong. I suspect this drop within the velocity of money is especially pronounced in hospitality industries, restaurants, hotels, aerospace, airlines, tourist destinations - where capital is not being exchanged as freely. We also have unemployment up so some individuals simply are being much more wary of purchasing wants, with potential needs still needing to be met on the horizon. I think mfg's as well have had supply issues coupled with demand issues, with inventories only now ramping back up. With the low demand, and low supply this is a sour recipe that creates less opportunities for transactions, again hurting the velocity of money. What does all of this mean? I think one needs to carefully weigh the proper strategies in the event inflation or deflation where to occur. In the event of the dreaded stagflation again, the writing will be more clear if that is to occur, but again we need to plan accordingly and develop strategies for each. A simple strategy I am doing even outside of the fixed income corporate debt/Div yield strategies etc is within actual real estate. If one were to acquire a home in this environment and inflationary affects play out, you essentially get to double dip on the inflationary affects in a favorable manner. the devaluation of the dollar will be an effect of the inflation. What does this mean for your mortgage? The dollar amount of the debt side of the mortgage will decrease in value, relative to the purchasing power of the dollars within the debt. The debt itself gets eroded away from inflation. Very favorable if you have debt. We want equity with debt of course though. And much more equity relative to the volume of debt. The equity of the home will actually be continuing to rise because the value of dollars continuing to loose value will require more dollars to purchase the same amount of equity - meaning the equity increases in terms of dollars. So inflation will result in the loan decreasing in a dollar weighted comparison, while the equity in the home will increase because of the dollar's devaluation. Equity relative to a home is one thing, but this comparison can be made with equities (stocks) as well, but I think the home comparison may be helpful in getting my logic communicated clearly. Again, this does not mean to go wild longing equities - just like you do not want to go wild and start buying junk houses in the middle of Antarctica We need to be tacticians with finesse ***If you have a great strategy please be sure to share it with me.***
FRED:WM2NS
by ZenMode
7
The Worst Looks To Be Over For $HOMEShares of $HOME have gotten hammered due to the Trump China trade war. Tariff and inventory headwinds have hit At Home this year, with shares peeling off about 70% over the last 90 days. We see the stock as a speculative value play more than anything and a possible takeover candidate. $HOME is trading at just 10x earnings and 0.52x book value. At Home Group Inc. operates home decor superstores in the United States. The company’s stores offer home furnishings, including accent furniture, furniture, mirrors, patio cushions, rugs, and wall art; and accent décor, such as artificial flowers and trees, bath, bedding, candles, garden and outdoor décor, holiday accessories, home organization, pillows, pottery, vases, and window treatments. As of August 21, 2019, it operated 205 stores in 39 states. The company was founded in 1979 and is headquartered in Plano, Texas. As always, use protective stops and good luck to all!
HLong
by InsiderFinancial
Trade Idea for 06-06-2019 $HOMEGood morning, my favorite set up for the day is NYSE:HOME , its gapping down due to earnings, as we can see on the chart we broke a macro trend line and the next big support level i 10.18, if we can break that level i will enter a short position with a target of 75 cents - 1 point, after i get a 5 mins candle to close below this level. Yesterday we traded NYSE:PVTL , but in the morning i did not published any idea because i saw it at the last minute. Remember this is for educational purposes only., trade safely.
HShort
by leoamartinez
1