About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Group 1: Home Depot Analysis - Home Depot is a significant stock as the largest home improvement retailer, providing insights into consumer sentiment and is a component of the Dow Jones Industrial Average [3] - Home Depot's stock experienced a 20% pullback from its high in March to its low in May, and the recent rally has formed a double top pattern, indicating a negative outlook [3] - The company forecasts FY24 comparable sales to decline by 3% to 4%, a revision from a previous estimate of a 1% decline, signaling a weakening consumer [3] - Home Depot reported adjusted EPS of $4.67, exceeding the consensus of $4.49, and revenues of $43.18 billion, slightly above the consensus of $43.06 billion [3] - The Producer Price Index (PPI) data suggests that inflation may be higher than indicated, with core PPI coming in at 0.0% versus a 0.2% consensus, which could compress profit margins and negatively impact future earnings [3] Group 2: Market Trends and Money Flows - Positive money flows were observed in major tech stocks including Apple, Amazon, Alphabet, Meta, Microsoft, NVIDIA, and Tesla [4] - Mixed money flows were noted in SPDR S&P 500 ETF Trust and Invesco QQQ Trust, indicating varied investor sentiment in these ETFs [5] Group 3: Investment Strategies - Investors are advised to maintain long-term positions while considering a protection band strategy that includes cash or Treasury bills to hedge against market volatility [7] - A traditional 60/40 portfolio strategy may not favor long-duration bonds at this time, suggesting a focus on high-quality bonds with shorter durations [8]

M. SuhailHD stock Q2 recap I last wrote on The Home Depot, Inc. (NYSE:HD) about three months ago. As you can see from the chart below, that article was titled "Home Depot: Don't Buy The Recent Dip (Technical Analysis)" and was published by Seeking Alpha on April 30, 2024. The article recommended a HOLD rating on the stock. And as the title suggests, the analysis was more focused on the technical trading patterns. More specifically, I cautioned that: Despite recent corrections HD stock has suffered, I wo ...

Home Depot (NYSE:HD) stock is a little volatile but mostly flat this morning after the company reported stronger-than-expected second-quarter financial results but reduced its full-year sales and profit guidance. The retailer noted that its performance was negatively impacted by “higher interest rates and greater macroeconomic uncertainty.”Home Depot’s Q2 Results and Guidance CutsThe company’s revenue increased 0.7% last quarter versus the same period a year earlier to $43.2 billion. The latter figure was w ...

For the quarter ended July 2024, Home Depot (HD) reported revenue of $43.18 billion, up 0.6% over the same period last year. EPS came in at $4.67, compared to $4.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $42.57 billion, representing a surprise of +1.41%. The company delivered an EPS surprise of +2.86%, with the consensus EPS estimate being $4.54.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Home Depot TodayHDHome Depot$344.50 -1.31 (-0.38%) 52-Week Range$274.26▼$396.87Dividend Yield2.61%P/E Ratio23.11Price Target$384.00Add to WatchlistHome Depot NYSE: HD is a high-quality business in no danger of failure, but its stock price will likely head lower now that the Q2 results and guidance are in. The guidance was improved, but factors including acquisitions, organic declines, and cautionary statements raise serious doubts about the results for the next two to four quarters. Doubts and questions abo ...

Home Depot warned that consumer sentiment on the economy is souring as it slashed its sales forecast for the second half of the year.The big box home improvement chain on Tuesday blamed high interest rates and fears of a possible downturn in the economy for disappointing second-quarter earnings.Richard McPhail, Home Depot’s chief financial officer, told CNBC on Tuesday that consumers have adopted a “deferral mindset” since the middle of last year, resulting in lower spending on home-improvement projects. 3 ...

Key TakeawaysHome Depot shares dropped Tuesday despite a second-quarter earnings beat as the home-improvement giant lowered its 2024 comparable sales guidance.Home Depot now sees full-year comparable sales down 3% to 4% from fiscal 2023, worse than its previous guidance of a 1% decline.CEO Ted Decker said consumers continue to be pressured by higher interest rates and "greater macro-economic uncertainty." Home Depot (HD) shares fell despite an earnings beat Tuesday as the retailer projected a larger fiscal ...

Home Depot (HD) came out with quarterly earnings of $4.67 per share, beating the Zacks Consensus Estimate of $4.54 per share. This compares to earnings of $4.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.86%. A quarter ago, it was expected that this home-improvement retailer would post earnings of $3.61 per share when it actually produced earnings of $3.63, delivering a surprise of 0.55%.Over the last four quarters, the ...

Exhibit 99.1 The Home Depot Announces Second Quarter Fiscal 2024 Results; Updates Fiscal 2024 Guidance ATLANTA, August 13, 2024 -- The Home Depot , the world's largest home improvement retailer, today reported sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from the second quarter of fiscal 2023. Total sales include $1.3 billion from the recent acquisition of SRS Distribution Inc. (SRS), which represents approximately six weeks of sales in the quarter. Comparable sales for ...