19 November Watchlist 👀

 

Today we are watching…

1. Home Depot (#homdep)

In a relatively mute run of earnings releases compared to weeks gone by, Home Depot is breaking the silence! Today, analysts are challenging the retailer to beat estimates of $2.53 in profit per share on $27 billion in revenue. If housing data is resilient, trade war tariffs don’t bite, and its store concept continues to resonate, the home furnisher’s stock could rise as soon as the opening bell rings. The early bird catches the Home Depot earnings report, as they say, with the company choosing to share its financials in the morning. The stock is up almost 40% this year. How could that change following this quarterly update from management?

2. Line Corp (#ln)

It’s the end of the line for investors in this massive Asian messaging app, as Yahoo Japan, a mega search portal, merges with it to create a unified company. Line is being taken private, which means goodbye to the Nikkei! However, it is a happy farewell. Yahoo Japan’s tender offer per share bails out Line shareholders at a 12% premium to Friday’s closing price before rumors of this merger had surfaced. As a single outfit now half-and-half owned by Naver and Masayoshi Son’s Softbank, the new internet powerhouse could rival Facebook and Google in the US, and WeChat in China. It’s expanding internationally as a one-stop-shop social platform with payment processing, taxi-hailing, and music streaming functions. Investors will need to stay on their toes!

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