Lowe’s Profit Tops Estimates on Online Growth

Lowe’s Profit Tops Estimates on Online Growth

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Drew Reading, Bloomberg Intelligence U.S Homebuilding Analyst, recaps Lowe's earnings. Lowe’s Cos. reported profit that topped expectations on a pickup in online sales and growth in demand from professional contractors. Adjusted earnings per share were $3.06 in the third quarter, the company said in a statement Wednesday, compared with the $3.00 estimate of analysts surveyed by Bloomberg.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail,discusses TJX earnings. TJX Cos. posted sales last quarter above estimates and raised its outlook, signaling that US shoppers are turning to cheaper options as the economy shows signs of stress.
The discounter, which runs chains including TJ Maxx and Marshalls, said revenue hit $15.1 billion. Analysts on average expected about $14.9 billion. Its comparable sales topped estimates, too.

-Liz Hart, President of Leasing for North America at Newmark, discusses the state of commercial real estate. Despite economic uncertainty amid low consumer sentiment, retail remains strong. U.S. retail availability is 5.3%, above the all-time low of 5.0%, and 120-bps under the long-term average availability rate of 6.5%. This is largely due to a very limited development pipeline, dating back to the GFC. Since 2010, retail has delivered less than 1.0% new supply each year, enabling retail to manage obstacles such as a rising rate of e-commerce sales, the Pandemic, and the current low state of consumer sentiment.

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S&P's Glickman on Halliburton: US Focus Still Poses Risk(Audio)

S&P's Glickman on Halliburton: US Focus Still Poses Risk(Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Stewart Glickman, Equity Analyst and Group Head of Energy and Materials from S&P Capital, on Halliburton and Baker Hughes quitting their $28 Billion merger.See omnystudio.com/listener for privacy information.

2 Touko 20168min

Vertical's Dillon on IP Buying WY Pulp Asset: 'Win Win' (Audio)

Vertical's Dillon on IP Buying WY Pulp Asset: 'Win Win' (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.\u0010\u0010GUEST:\u0010Chip Dillon, Partner and Head of Global Paper and Packaging Practice at Vertical Research Partners, on International Paper buying Weyerhaeuser's pulp business for $2.2 billion.See omnystudio.com/listener for privacy information.

2 Touko 20164min

Bloomberg's Leonard on New Book, 'Neither Snow Nor Rain'(Audio)

Bloomberg's Leonard on New Book, 'Neither Snow Nor Rain'(Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Bloomberg Businessweek writer Devin Leonard on his new book "NEITHER SNOW NOR RAIN," a landmark century-spanning social, political, and economic history of the United States Post Office.See omnystudio.com/listener for privacy information.

2 Touko 201611min

ISM's Holcomb: Companies Continuing to Cut Inventories (Audio)

ISM's Holcomb: Companies Continuing to Cut Inventories (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Brad Holcomb, Chairman of the Manufacturing Business Survey at the Institute for Supply Management, on the April ISM report.See omnystudio.com/listener for privacy information.

2 Touko 20168min

Bloomberg's Chappatta on Puerto Rico's Imminent Default (Audio)

Bloomberg's Chappatta on Puerto Rico's Imminent Default (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Brian Chappatta, Municipal Bond Reporter for Bloomberg news, on which Puerto Rico bond may default next, as the next payment deadline looms on May 1.See omnystudio.com/listener for privacy information.

29 Huhti 20168min

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. Guest: Bloomberg stocks editor David Wilson on today's market winners, losers, and Stock of the Day: Enova International (ENVA).See omnystudio.com/listener for privacy information.

29 Huhti 201612min

S&P's Stovall Says Better Off Rotating Than Retreating (Audio)

S&P's Stovall Says Better Off Rotating Than Retreating (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Sam Stovall, US Equity Strategist for S&P Capital IQ, for a look at the US stock market and his current investment strategies.See omnystudio.com/listener for privacy information.

29 Huhti 201611min

Cushing's Toudouze: Big Energy Companies Need to Adapt (Audio)

Cushing's Toudouze: Big Energy Companies Need to Adapt (Audio)

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Libby Toudouze, Partner and Portfolio Manager at Cushing Asset Management, on Exxon and Chevron earnings.See omnystudio.com/listener for privacy information.

29 Huhti 201611min

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