Why Home Depot Stock Bounced Today

Home Depot (HD 3.67%) provided mixed results with its fourth-quarter earnings and forward guidance today, but the stock is in rally mode. The results brought somewhat of a relief rally after shares of the leading home improvement company declined by almost 8% in the past month.Home Depot stock moved higher by 3.5% this morning as of 11:25 a.m. ET. Beyond a bounce off the recent decline, there are good business reasons why investors are seeing the quarterly report as a net positive today.Home Depot navigates ...