Lower interest rates will improve the home improvement chain's prospects.Trading at slightly less than 26 times expected earnings for 2024, Home Depot (HD -0.12%) does not look like a good value stock. Still, no meaningful discussion about its current earnings trajectory and valuation can occur without considering how the state of the housing market and the interest rate cycle will impact its business. So let's dive in.Home Depot's exposure to the housing marketThe key external metric for investors to watch ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US Federal Reserve's decision Wednesday to cut rates ...

Home Depot Inc. HD has agreed to a nearly $2 million settlement to address allegations from California prosecutors that the company overcharged customers at checkout due to price discrepancies.Meanwhile, overbought stocks nearing resistance levels often experience reversals, and Home Depot’s stock is currently showing these signs. With its share price approaching a key resistance point, it stands out as our Stock of the Day.Most of the time, a stock stays within its usual or typical trading range. But somet ...

In the latest trading session, Home Depot (HD) closed at $384.01, marking a +0.2% move from the previous day. This move outpaced the S&P 500's daily loss of 0.29%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.31%.Coming into today, shares of the home-improvement retailer had gained 4.35% in the past month. In that same time, the Retail-Wholesale sector gained 4.15%, while the S&P 500 gained 1.57%.Investors will be eagerly watching for the performanc ...

Here's a company that prioritizes returning cash to its shareholders.When it comes to dividend stocks, Home Depot (HD 0.32%) is a bellwether thanks to its long commitment to paying out a portion of its profits to shareholders. The home improvement retailer currently pays a quarterly dividend of $2.25 per share, resulting in an annual payout of $9 per share. For any mature dividend-paying stock, it's essential to examine its history and payout ratio to determine possible growth. Let's examine Home Depot's di ...

Home Depot will pay nearly $2 million to settle a civil law enforcement complaint alleging overcharging and false advertising.The $1,977,251 settlement involves a problem often called a “scanner violation” in which the price on the item or the item’s shelf tag is not the same as the one charged when the UPC code is scanned at the point-of-sale (POS) device or register, the Los Angeles County District Attorney’s Office said in a Thursday (Sept. 12) press release.“This settlement is a clear message that such ...

Home Depot is being ordered to pay nearly $2 million to settle a civil claim from California district attorneys that the company overcharged customers for products.  According to Los Angeles County District Attorney George Gascón, the retailer allegedly "engaged in false advertising and unfair competition" because it charged customers prices higher than the lowest advertised or posted price.This type of offense, known as a "scanner violation," occurs when the price on the item or on the item’s shelf tag doe ...

Davslens Photography/iStock Editorial via Getty Images Investment Thesis With a strong moat and a reliable market with secular trends that should support stable growth, The Home Depot (NYSE:HD) remains one of my highest conviction long-term investing ideas. HD’s moat comes from its scale, massive retail store footprint, and the barrier to entry of a highly capital-intensive business that eliminates almost any chance of disruption to HD or its largest competitor, Lowe’s, Inc. (LOW). An aging U.S. housing ...

The retail sector represents a wide array of companies selling goods directly to consumers through various channels. This includes traditional brick-and-mortar stores, e-commerce platforms, and omnichannel retailers. Retail stocks offer investors a chance to own shares in these companies on the stock market. The sector is diverse, covering everything from grocery stores to luxury brands. Retail stocks often reflect consumer spending habits and broader economic trends.Investing in retail stocks can offer sev ...

Interest-rate-sensitive stocks are getting ready for new tailwinds.All eyes are on the Federal Reserve this month as it gets ready to lower interest rates. Chairman Jerome Powell has alluded to being ready to make the cut when the Fed meets on Sept. 17, and a reduction of any level is likely to positively affect the stock market.It should lead to improvements in spending, which will lift revenue at retailers and other companies across the country. That's good for business overall, but it's crucial for some ...