HBSDealer Stock Watch: Day for the Bears
|Hardware and building supply stocks generally retreated on Wednesday. Of the 30 stocks tracked below, 23 finished the day lower. The biggest mover was BECN, down 14%.|
|BLDR (Builders FS)||17.51||-1.79%|
|BMCH (BMC Stock)||22.35||-0.89%|
|CENT (Central Garden)||41.46||-2.03%|
|DE (Deere & Co.)||144.81||-0.90%|
|HD (Home Depot)||198.02||+0.49%|
|LL (Lumber Liquidators)||19.02||-1.40%|
|SMG (Scotts Miracle-Gro)||75.97||-1.59%|
|TSCO (Tractor Supply)||81.27||+1.61%|
|UFPI (Universal Forest)||36.62||-0.46%|
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Thermo-stats on the rise
Smart and connected thermostat sales are expected to grow significantly.
Look for prices to drop significantly in the high-end thermostat category. According to a report from the Freedonia Group, rapidly declining prices will be the most significant driver of unit sales of smart and connected thermostats.
The group says U.S. demand for smart and connected thermostats is forecast to increase 23% per year through 2022 to 14.5 million units. Ramped up efforts by utility companies, homebuilders, and HVAC contractors to promote these products based on their cost- and energy-saving benefits will also help sales.
The smart and connected thermostat market is expected to transition to become more replacement-oriented between 2022 and 2025, which will correspond with declining sales. By then, most households interested in these products will have purchased one.
The above findings were shared by the Cleveland-based Freedonia Group to help build awareness for its report: the recently published “Smart & Connected Thermostats in the U.S.”
The report also pointed to the leading industry players in the field: Honeywell, ecobee and Nest Labs (Google).
While I believe the report is right about prices dropping on current product what will keep this category active is the fact thermostats will become much more than just HVAC controls. The future will see multi-functions for many areas of the home outside of the traditional air and temperature control. More disruption ahead.....
Carolina bracket from Federal Brace
The 500-pound carrying capacity can hold a variety of materials.
Federal Brace is distributing a new size and finish of the Carolina commercial support: a bracket providing industrial level strength for a variety of commercial and residential projects.
The Carolina is versatile and can be integrated into home office workstations, heavy-duty storage shelves, as well as larger commercial projects such as schools, hotels, and banks.
Installed directly to the side of the wooden stud in the wall, the Carolina support made from strong, 11 gauge material promises strength while providing the increasingly popular “invisible” look. The 500-pound carrying capacity can hold a variety of natural stones and other materials, and the new white finish offers even more options to match hidden bracket project designs.
The Commercial Carolina bracket is engineered for heavy-duty lifting in a variety of different applications. For example, this support would be ideal for service window/reception counters, workstations, locker rooms, bars, and more. In addition, the Carolina can be installed in compliance with ADA standards to create accessible public restrooms, dining areas, gyms, and more.
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