Certain set of skills is required to become a stock investor
and it is very important to get to know those skills. Stock investment needs
you to learn some basics of stocks. It is not easy to learn all these things.
You can get some information about stocks for free and there
are several websites for that. One of the example is Reuters, it is a very well
know website and has a lot of information available for a number of stocks. It
provides daily news and reviews about different stocks. This website has a
unique service which is that you can subscribe to regular news of any stock.
For example you have invested in DuPont stock and want to keep yourself updated
with it, you can subscribe to Reuters for DuPont and you will get an email in
case of any new information about your stock. This is a very unique and
effective way to remain updated with your stock on daily basis.
Another source for this kind of free information is
bidnessetc.com, this is a relatively new website but has a unique of presenting
information, it provides information a humorous way and has all the characters
animated. It has been divided into different section. There are separate
sections like dividends, industry analysis and other news. Industry analysis
section is very interesting and useful for new investors as it provides some
basic information and growth prospects about the whole industry. This gives an
idea to the investor about the whole industry and investor can then analyze the
pros and cons of that industry.
Bisdness.com has recently posted an article about home
improvement retail industry; this article provides a basic review of this
industry but gives you a very clear idea about the industry. Here are a few
extracts form that article.
The home improvement retail industry has given an average
market premium of 25% in last five years, but this has shown a declining trend
in 2014 because there is a fear of housing market slowdown. This industry
consists of retailers who sell kitchen fittings, building material, appliances,
lumber and other home improvement products. Demand for these items is directly
linked with housing demand; therefore, the demand of these products is affected
significantly by changes in sales of new and existing products. An estimate
says that 85% of all US homes were built before 1980 that’s why they need
improvement at frequent intervals and this is a major growth driver for this
industry. This industry has shown a significant growth in last years. Industry
has shown an annual revenue growth of 4.5% in last three years. This growth can
be related to recovery in US economy and housing activity improvement. It is
estimated that annual growth of home improvement industry will be above 4.5%
for the next three years. This is a mature industry and has a high level of
market concentration and homogenous product lines. Annual revenue of industry is
around $129 billion. Leading players are Home Depot and Lowe’s with 58% and 39%
market share.
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