Recent data released by the Commerce Department showed construction spending increased 0.6 percent in July from the previous month. Total construction activity in July grew to an adjusted annual; rate of $900.8 billion, the highest since June 2009. When compared to a year ago total contraction has increased 5.2 percent, driven by a 17.2 percent in residential activity. Housing construction is expected to reach 925,000 homes and apartments in 2013, an increase of 18 percent year-over-year, according to economists from JPMorgan.
The Home Depot, Inc. (NYSE: HD) shares traded in the range of $73.68 to $75.25 Tuesday before settling to close at $73.90, a decrease of 0.27 percent. The stock appears to be facing some resistance at the $74.73 and $75.83 levels with some support at $73.73. Shares of Home Depot have gained approximately 20.0 percent in 2013.
More information on Home Depot and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HD
Lowe's Companies, Inc. (NYSE: LOW) shares traded in the range of $45.17 to $46.49 Tuesday before settling to close at $45.61, a decrease of 0.46 percent. The stock appears to be facing some resistance at the $45.75 and $46.77 levels with some support at $44.36. Shares of Lowe's Companies have gained approximately 28.0 percent in 2013.
More information on Lowe's Companies and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LOW
Titan Machinery Inc. (NASDAQ: TITN) shares traded in the range of $17.33 to $17.92 Tuesday before settling to close at $17.55, a decrease of 0.06 percent. The stock appears to be facing some resistance at the $17.71 and $18.39 levels with some support at $17.00. Shares of Titan Machinery have gained approximately 29.0 percent in 2013.
More information on Titan Machinery and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TITN
URS Corp. (NYSE: URS) shares traded in the range of $49.11 to $50.53 Tuesday before settling to close at $49.52, flat for the day. The stock appears to be facing some resistance at the $49.66 and $51.00 levels with some support at $49.24. Shares of URS have gained approximately 29.0 percent in 2013.
More information on URS and access to the free equity report can be found at:
www.WallStreetFundamentals.com/URS
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