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Stocks To Watch: D.R. Horton, Inc. (NYSE:DHI); The Home Depot, Inc. (NYSE:HD); CARBO Ceramics Inc. (NYSE:CRR)

Posted in Business8 months ago • Written by Bruce OdomNo Comments

Dallas, Texas, 09/23/2014 (ustrademedia) – Stock of house building firm D.R. Horton, Inc. (NYSE:DHI) experienced a steep sell off during trading yesterday after the release of disappointing housing data by the federal authorities. As a direct result, the S&P 500 index was down yesterday in tandem with the housing shares index (.HGX), which was down by nearly 2 percent yesterday. Investors seem to have been spooked by the weak housing data, since housing sector health is a bell weather of the general health of the economy. In August, the sale of homes was down by 1.8 percent as against the general expectation of 1 percent growth. The other housing sectors stocks which were down along with D.R. Horton, Inc. (NYSE:DHI) were Beazer Homes (BZH.N) and Toll Brothers (TOL.N).

CNN Money reported yesterday that the recent data breach suffered by home improvement retailer The Home Depot, Inc. (NYSE:HD) was much bigger than initially estimated. The report goes on to draw parallels between the latest episode of data breach at the home improvement retailer with that of a similar incident at Target Corporation (NYSE:TGT) during Thanksgiving festivities last year. The report claims that nearly 56 million credit and debit card data was compromised at The Home Depot, Inc. (NYSE:HD) recently, as against the 40 million records which got breached at Target Corporation (NYSE:TGT) last year.

CARBO Ceramics Inc. (NYSE:CRR) stock got hammered yesterday at the stock markets after the manufacturer of synthetic substances which are used in the fracking process of oil extraction reported that sales of “proppants” was down as a direct consequence of oil and gas producers using naturally available sand in the fracking process. The firm put out a press note detailing the sales outlook for the third quarter. It anticipates sales of Proppant to come down by nearly 18 percent in comparison to the 454 million pounds it had managed to sell last year.

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