The trading week kicks off with home improvement chain Lowe's
The reports should be surprisingly similar. Each company earned exactly $0.41 a share during the same period a year ago. This time we have the pros projecting a $0.25-a-share profit at Lowe's and $0.28 a share on Home Depot's bottom line.
Things are unlikely to improve until the icy credit markets thaw out, and even then it may not matter until home prices begin inching higher. Homeowners used to open home equity lines or have cash-out mortgage refinances, using the money for makeover projects. With many mortgages underwater (meaning the owners owe more than the house is worth), that's just not possible.
Several specialty retailers will empty out their registers. Hot Topic
What do traders do on the Friday before a holiday weekend? Well, they don't have to worry about earnings reports, because companies want to get an early jump on the Memorial Day weekend, just like you. Make the most of the break by catching up on the early summer blockbusters at the multiplex or taking a closer look at your portfolio. There is no better time for spring cleaning.
Until next week, I remain,
Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look forward. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.