The Home Depot Ramps Up for Spring and 4 Morning Hot Stocks Trading Now
The Home Depot (NYSE:HD): Current Price $66.27
Home improvement retail chain The Home Depot (NYSE:HD) is gearing up for spring, its busiest selling season. The company has started recruiting for more than 80,000 seasonal positions to service customers during its annual peak season. It expects better sales growth this year and recruitments of spring associates are therefore higher by 10,000 compared to last year. “Spring is always a special season for us when we can offer employment opportunities for literally tens of thousands of Americans,” said Tim Crow, Executive Vice President—Human Resources. “We find some of our best associates during our peak season and many of them have built long, meaningful careers with us.”
Royal Bank of Scotland (NYSE:RBS): Current Price $10.65
The Royal Bank of Scotland (NYSE:RBS) announces it is in “late-state settlement discussions” with regulators such as the Financial Services Authority in the United Kingdom, the United States Commodity Futures Trading Commission and the United States Department of Justice regarding their investigations into the bank’s alleged manipulation of the London Interbank Offered Rate. According to the bank, it expects to pay significant penalties as well as “certain other sanctions.” Though RBS is not quantifying the penalties, a report by Reuters says these could be as high as £400 million, or $627 million, citing sources familiar with the situation.
Honda Motor Co (NYSE:HMC): Current Price $38.02
Record sales in Thailand encourage Honda Motor Co (NYSE:HMC) to consider investing about $476 million to build a new factory in the country with an annual production capacity of 120,000 vehicles. The company proposes to manufacture cars such as the Civic compact and Accord sedan at the plant which will likely begin operations in 2015. Honda sold a record 131,208 vehicles in Thailand in 2012.
Ford Motor Co (NYSE:F): Current Price $13.15
Ford Motor Co (NYSE:F) reported sales of 61,475 passenger cars and commercial vehicles in January in China. On an overall basis, this was a 98% jump over last year, with passenger sales zooming 135% to 44,439 and commercial vehicles rising by 42% to 17,128 units. The company’s best-selling Focus sedan was a major contributor to the upbeat passenger vehicle sales performance.
JCPenney (NYSE:JCP): Current Price $19.38
According to the New York Post, a diminishing cash hoard and a dismal holiday sales season could force JCPenney (NYSE:JCP) CEO Ron Johnson to cut a few hundred more jobs at the retailer’s headquarters later this month. A former employee alleges the job cuts were scheduled for last month but put off so that related severance costs could be booked into the new fiscal year. With Johnson’s emphasis on fashionable brands, insiders fear that workers associated with the retailer’s private brands are most in danger of receiving the pink slips.
Don’t Miss: Is This What Apple Is Actually Worth?