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Home Depot Shares Rally Early

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the market.

  • Duration 1:43
  • Date

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Welcome -- It was me also it Nicole Hadley these she is actually on the floor of the New York Stock Exchange.

I'm by the -- June business inventories went -- point 1% know who impact on the market whatsoever but Home Depot.

Now that's having an impact not on the market but on its own stock its way up I think is that correct -- -- it really is.

Way -- the number one performer in the Dow Jones Industrial Average today so.

When we talk about Home Depot the CEO has come out now.

And is talking -- bought this morning saying that they are seeing inside encouraging signs of stabilization.

Of Home Depot was seen in the housing market.

Now adding to GDP rather than drag on GDP and their their profit numbers beat the street so that's great they've had tight cost controls but what I think.

We should know that they've had sales weakening and they haven't had stronger sales but they've cut costs but how much can you -- -- -- you really need the consumer than they're spending a lot.

Well so far so I wanna move on to apple because.

I'm intrigued at that is crept up.

Gradually and look at it now 634.

Is this some reason that I don't know about why apple -- just come back like this.

Well it's been creeping higher since it was at five point five over the last few months the stock has been all over the place but there is some news about their market share on there tablets.

And now sit -- share is 69 point -- let's say 70%.

Up from 58%.

So they continue to gain market share.

Slowly but surely and there's a look at the stock market there I could see sixty point 640 what was the high and it was five point five on the you.

And that -- how long ago by the gulf thanks a lot Dow's up 23 no impact from business inventories zero now -- --

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