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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