4 Stocks To Ride The HOT Housing Market In November

Demand for appliances has bounced back as consumers stuck at home are diverting their discretionary income into the home. WHR’s net sales grew 3.9% globally to $5.3 billion, driven by solid industry demand across the globe in the third quarter ended September 2020. Organic net sales increased 7% compared to the year-ago quarter to $5.45 billion. Its EMEA market saw sales growth of 15.4%, while sales in Latin America rose 13.7%, but coronavirus-induced supply constraints drove North America and Asia sales 1.6% and 1.4% lower, respectively, in the quarter.

EPS for the quarter came in at $6.27, implying a 12.6% increase year-over-year. WHR gives investors another reason to cheer by raising its dividend for the eighth consecutive year. It will now pay out a dividend of $1.25 per share, which is a 4.2% rise from the prior amount of $1.20. Its cost-cutting initiatives and strong demand place it well for further growth. EPS for the succeeding year is expected to increase 21.7% year-over-over.

Valor Inovação, a leading media publication in Brazil recently recognized WHR among Brazil’s overall top ten innovative companies, and the “most innovative company” in the electronics category for its sixth consecutive year.

WHR closed yesterday’s trading session at $186.38, gaining 29.8% year-to-date. It has recently hit a 52-week high of $207.3 and is up more than 69% in the past six months.

It’s no surprise that WHR is rated a “Buy” in our POWR Ratings system. It has a grade of “A” in Trade Grade and Industry Rank, and a “B” in Buy & Hold Grade and Peer Grade. In the 69-stock Home Improvement & Goods Industry, it is ranked #11.

HD shares were trading at $265.51 per share on Friday afternoon, down $4.12 (-1.53%). Year-to-date, HD has gained 23.78%, versus a 2.75% rise in the benchmark S&P 500 index during the same period.

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Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice.

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