Mohawk Industries Stock Price $186.60 +0.42 (0.23%)

Mohawk Industries Inc, is a Consumer Discretionary stock that trades on the NYSE and has a market capitalization of $13.89 Billion.


Ideas, Updates & Analysis


When It Rains...
Thu, Jul 26, 2018

So today was a little rough.

Two stocks I own got hit...hard.

Mohawk Industries and Synchrony Financial.

Mohawk missed earnings and dropped 17% to a new 52 week low.

Mohawk's (MHK) Q2 Earnings and Revenues Miss Expectations

https://finance.yahoo.com

Synchrony got dumped by Wal-Mart and dropped 10%.

This surprise announcement was released during the trading day. 

So I was literally watching the stock drop in real time.

Walmart Taps Capital One for Store Cards, Dealing Blow to Synchrony

https://finance.yahoo.com

(Ironically, Capital One closed down 2%. Isn't that good news for Capital One?)

Welp, even though I am surprised and disappointed (and a little hungry), I decided not to sell.

I reviewed my posts that show why I bought each stock.

Based on that, I am considering buying more shares of each stock.

I hope I am not being overly optimistic, but I feel like both of these stocks will come back.

Of course, it will take some time.

What do you think about "When It Rains..."?

Let me know in the comments section!

If you think your friends would like this, please share it. Thanks!


Thu, Jul 26, 2018 MHK @ $179.31

Thu, Jul 26, 2018 SYF @ $30.00

I was scanning my list of low pe stocks last night.

I saw a few buying opportunities there, but the one that stood out the most to me was Mohawk Industries.

It's P/E Ratio is 4.38. That's pretty low.

Also, MHK has a $16 Billion market cap.

But what do they do?

"In 2015, Mohawk was recognized as the most used, top-brand familiarity, and top-quality rating carpet product by the Builder magazine." https://en.wikipedia.org

You may have seen their products at Home Depot and Lowe's. By the way, both HD and LOW are near all-time high levels.

So let's look at some technical analysis.

As you can see, the trendline I highlighted shows a long-term uptrend trading range.

More importantly, the stock price has recently bounced off of the bottom of the trading range or support.

Let's look at that closer.

The 1 year chart looks pretty bad.

After climbing the first half of the year to a record high, the stock has dropped significantly after each of the past 2 earnings dates which are the black vertical lines.

The area I highlighted in yellow is what I think could be a bottom as well as a reversal.

It looks like an "inverse head and shoulders" chart pattern

The price has started to move higher through the 50 day moving average, which is also bullish.

All in all, that's why I bought today.

This is a setup that I really like.

I am hoping to make $10 or more on this trade.

Of course, there is the Trade War risk, but I am wondering if that is not already priced in.

The stock has dropped from $280 to $220.

The next earnings date is Wed, Jul 25, 2018.

What do you think about "This Flooring Stock Could Move Higher"?

Let me know in the comments section!

If you think your friends would like this, please share it. Thanks!


Tue, Jul 10, 2018 MHK @ $219.07

Mohawk Industries Stock Charts

The 5 year and 1 year stock charts are below.


50 Day Moving Average

The 50 Day Moving Average is at $194.06 which is 3.84% above the stock price of $186.60.

200 Day Moving Average

The 200 Day Moving Average is at 229.42 which is 18.66% abovethe stock price of $186.60.


MHK Stock Price

Below are a few key dates for the stock price.


Year To Date

Sep
21
Friday

The most recent stock price is $186.60.

The Year To Date (YTD) return is -32.39%.

52 Week Low

Jul
26
Thursday

The 52 Week Low stock price is $177.00 set on Thu, Jul 26, 2018 which is 58 days ago.

The current price per share is 5.42% above the 52 week low.

52 Week High

Dec 2017
04
Monday

The 52 Week High stock price is $286.85 set on Mon, Dec 4, 2017 which is 292 days ago.

The current price per share is -34.95% below the 52 week high.

All Time High

Dec 2017
04
Monday

The All Time High stock price is $286.85 set on Mon, Dec 4, 2017 which is 292 days ago.

The current price per share is -34.95% below the all time high.

Earnings

Below is the EPS, P/E Ratio and Earnings Date.


The Earnings Per Share (EPS) is $49.90.

The Price To Earnings (P/E) Ratio is 3.73.

Earnings Dates

Stocks can make big percentage moves on the earnings announcement.

Companies announce earnings either before the market open or after the close.

Apr
26
Thursday

The Earnings Release Date for Mohawk Industries Inc was Thu, Apr 26, 2018.

Since this earnings release 149 days ago, the stock price is down by -17.84%.

Jul
25
Wednesday

The most recent Earnings Release Date was on Wed, Jul 25, 2018, which was 59 days ago.

Since this earnings date, the stock price is down by -15.01%.

Mohawk Industries Dividend

Below is important Dividend information.


MHK currently does not pay a dividend.

You may like this list of best dividend stocks of 2018.

Industry Stocks

Below are other Home & Office Products stocks as Mohawk Industries.