DXPE - HD Supply Holdings Will Be Placid Before The Upside Begins
HDS Faces Barriers Before The Upside
HD Supply Holdings (HDS) distributes industrial distributors to the contractors, home builders, industrial businesses, maintenance professionals, and government entities in North America. While the new privately-owned house units have weakened in 2019, the unemployment rate and low foreclosure rate should pave the way for steady growth in sales in 2019, unless unforeseen events hit the economy. The concerning trend has been the lower sales per day since the end of Q1 until May, which can weigh on growth and profitability.
Large projects in the Southeast U.S. and