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Contributors: Douglas McIntyre Jon C. Ogg

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Monday, July 10, 2006

Most Widely Traded 48 Hour Clock: Home Depot

24/7 Wall St. has begun coverage of the 36 most widely traded stocks, eighteen each from the NYSE and the NASDAQ. Most of these stocks trade over 50 million shares a week. This new feature will highlight each of the 36 stocks at least every 48 hours giving investors fresh infomation and perspective on the companies whose shares are most likely to move the broader markets.

Stock Tickers: HD, WMT, KBH

Home Depot (HD) said on Friday that Tom Taylor, EVP of merchandising and marketing, will leave the chain of home-improvement stores at the end of the year. While this is not new today, the research reports that came out this morning aren't exactly saying this is good news in any way. It also doesn't help that KB Home (KBH) said that the weak housing market may continue to experience its negative trend into 2007. While there is not really any fresh negative news today, there is certainly no positive sentiment that is out there. Even Wal-Mart (WMT) posted weak sales last week. It is becoming a daily repeat, "Home Depot tried to rally but closed lower." So far today is no different as HD shares are at what will be a new 52-week low down another 0.5% at $35.18. It is no surprise that Home Depot needs to consider going into the parachute business, and maybe trying even harder by showing a better corporate and investment relations face.

Home Depot $35.18 (-0.5%)
Wal-Mart $46.22 (+0.5%)
KB Home $45.52 (-0.5%)

Jon C. Ogg

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