Home Depot: Domestic Consumer Retail Earnings
I don't usually play earnings roulette, but I was willing to with HD. They're a US domestic consumer goods retailer, and they're going to be the recipient of goods more favorably prices for domestic consumption than international trade.
The technicals look good, they've been growing earnings consistently, and membership on the DOW30 does favor them for having a solid and reproducible formula for success.
Also, this could go completely the other direction, but they're so large that it's going to drive tomorrow's market direction overall whichever way it goes.
The technicals look good, they've been growing earnings consistently, and membership on the DOW30 does favor them for having a solid and reproducible formula for success.
Also, this could go completely the other direction, but they're so large that it's going to drive tomorrow's market direction overall whichever way it goes.
Comment:
I'm not feeling as strongly here as I was when I wrote this idea, but I'll keep waiting and watching. If this looks good on Monday, it might be a confirmation that the earnings beat will play out into some momentum.