Shares of building and construction-related stocks are trading lower following a drop in May construction spending.
Portfolio Pulse from Benzinga Newsdesk
Shares of building and construction-related stocks are trading lower following a drop in May construction spending.
July 01, 2024 | 4:59 pm
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NEGATIVE IMPACT
Floor & Decor Holdings, Inc. (FND) shares are trading lower due to a drop in May construction spending.
A decrease in construction spending directly impacts companies like Floor & Decor Holdings, Inc., which supplies flooring materials.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Home Depot, Inc. (HD) shares are trading lower due to a drop in May construction spending.
The Home Depot, Inc. is significantly affected by changes in construction spending as it supplies a wide range of building materials and home improvement products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lumber Liquidators Holdings, Inc. (LL) shares are trading lower due to a drop in May construction spending.
Lumber Liquidators Holdings, Inc. is directly impacted by construction spending as it provides hardwood flooring and other building materials.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lowe's Companies, Inc. (LOW) shares are trading lower due to a drop in May construction spending.
Lowe's Companies, Inc. is affected by changes in construction spending as it supplies a wide range of home improvement and building products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80