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Stock impact report

Inside Home Depot's $4.3 billion pivot toward the professional trade [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The markets: Mostly up, especially Bitcoin. Analyst notes from Wedbush on Apple and Perplexity, and Pantheon and Bernstein on copper tariffs. Plus: All the news and watercooler chat from Fortune Good morning . The retail landscape is littered with failed M&A deals. Lowe's spent years pursuing Canadian retailer Rona to get a foothold north of the border, only to sell it off two years ago, losing about $2 billion in the process. Tapestry's acquisition in 2017 of Kate Spade, whose sales fell 13% last quarter, has led to a number of write-downs. Capri Holdings recently sold Versace at a big loss. Dollar Tree said recently it was selling its Family Dollar division at a great loss. So I noted with great interest Home Depot's latest deal. Last week it announced one of its business units was buying building-products distributor GMS for $4.3 billion. GMS, whose name stands for Gypsum Management and Supply and which is based in Tucker, Georgia, is hardly the sexiest acquisition target. Show less Read more
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