Why is price appreciation and housing turnover so important for home-related stocks? I detailed why housing turnover is important in a previous post. I'll go into the reasons why home prices have a halo effect on housing purchases here.
Read MoreWhy You Need to Ignore Early Holiday Sales Results
With Thanksgiving and Black Friday behind us, we're now starting to get the early trickle of articles reporting on early retailer sales results. Generally, they've been fairly positive. But here's a huge list of reasons on why you shouldn't be making decisions based on these reports:
Read MoreYour Guide to Same Store Sales
Same store sales (also known as comparable store sales, or comps) are the most important metric in the retail industry. Let's talk about what it is and a couple nuances on how to analyze the number.
Read MoreWhat October's Existing Home Sales Report Means for Home-Related Stocks
As I wrote yesterday, existing home sales is a crucial metric for home-related stocks, but it's horribly overlooked by most investors. This morning, October existing home sales was released.
Read MoreAn Underappreciated Metric for Home-Related Stocks
If you own a home-related stock like Home Depot or Williams Sonoma, you may see the stock react sharply around the 25th of each month. You might also see this happen if you own an appliance retailer like Best Buy or a mattress company like Tempur-Pedic. These moves tend to coincide with the release of a macroeconomic data point called existing home sales. What is this metric, and why is it so important for so many companies?
Read MoreHome Depot: 3Q Recap (Good, but Not Good Enough for High Multiple)
I detail takeaways from Home Depot's 3Q earnings results.
Read MoreStaples: The Misunderstood Story of Staples
Investors often miss the bull case for Staples. I'll detail that bull case here.
Read More