Get started
Home Depot, Inc.Home Depot, Inc.Home Depot, Inc.

Home Depot, Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

HD trade ideas

Home Depot Posted First-Quarter Earnings That Beat Expectations Home Depot ( NYSE:HD ) reported disappointing first-quarter earnings and revenue that missed Wall Street's expectations. The company is experiencing customers deferring major home projects due to high interest rates, which has led to a focus on building its business with professionals, including through its acquisition of SRS Distribution. The company expects total sales to grow about 1% in fiscal 2024, including an additional week from the prior year. However, it anticipates comparable sales, which take out the impact of store openings and closures, to decline about 1%, excluding that additional week. Home Depot's Chief Financial Officer Richard McPhail said customers are in a waiting game that began in the second half of last year, as they responded to mortgage rates climbing. He said the company anticipated those trends would continue. "The home improvement customer is extremely healthy from a financial perspective," he said. "What they tell us is they're just simply deferring these projects as given higher rates, it just doesn't seem the right moment to execute." Home Depot's sales for the three months that ended April 28 compared with what Wall Street expected, based on a survey of analysts by LSEG: Earnings per share: $3.63 vs. $3.60 expected. Revenue: $36.42 billion vs. $36.66 billion expected. Net income for the fiscal first quarter decreased to $3.6 billion, or $3.63 per share, from $3.87 billion, or $3.82 per share, in the year-ago period. Net sales fell 2.3% from $37.26 billion. Comparable sales dropped 2.8% in the fiscal first quarter across the business and declined 3.2% in the U.S. Home Depot ( NYSE:HD ) has seen sales moderate after more than two years of explosive demand during the COVID-19 pandemic. The company posted its worst revenue miss in nearly two decades and cut its forecast in the year-ago first quarter. Home Depot's sales totaled $152.7 billion in the fiscal year that ended in late January, a drop of 3% year over year. Inflation may also be playing a role in that pullback, as consumers spend more money on essentials and have to make trade-offs when spending discretionary income. However, McPhail said Home Depot is not seeing customers trade down to cheaper items, like less expensive power tools or appliances. He pinned the company's softer sales in large part on consumers' "deferral mindset" and a housing market that has slowed dramatically. To overcome slower sales, Home Depot ( NYSE:HD ) has revved up its strategy to attract pros, since they tend to buy larger quantities and offer a steadier source of sales. In March, Home Depot announced that it would acquire SRS Distribution, a Texas-based specialty distributor of roofing, landscaping, and pool supplies, for $18.25 billion in the largest acquisition in the company's history. Along with wooing pros, Home Depot ( NYSE:HD ) is poised to drive growth by opening about a dozen new stores this fiscal year and adding features to improve its online and in-store experience. Shares of Home Depot closed Monday at $340.96. So far this year, Home Depot's shares have fallen about 2% compared with the roughly 9% gains of the S&P 500.
NYSE:HD
by DEXWireNews
The 0.5% After Hours Pump And DumpIt is very problematic when you look at the after-hours screen then you see that gosh you was wrong on your prediction -- The truth is this is not a prophecy you can be wrong on any price action so always keep an air of doubt in your thesis -- An announcement was made on public news that This stock might suffer because of low sales for the year the earnings report is coming out this morning -- when this does when shall know if this gap down will happen also take note of the pre-market hours coming out soon -- There is a very little cure for fear but right now we just have to hold on tight to our thesis and -- probability and see what happens at the pre-market hours time frame. -- When i was looking at the after-hours data doubt sank deep inside my heart thinking -- "Am i wrong about the probability of this stock crash?" -- Trading is a ruff game of capitalism you need to have thick skin or else you will be swinging around and round with the crowd doubting your price predictions and trend analysis - Please read the disclaimer below -- Disclaimer:This is not financial advice do your own research before you buy or sell anything trading is risky and you will lose money
NYSE:HDEducation
by lubosi
⚠️WARNING: Why 22 Analysts Are Wrong About This Stock‼️These analysts are wrong , wrong, about the rating given to this stock on the short term, also, can you imagine how come that some investors are actually going to screen this stock based on analyst ratings? -- This is why am not a fan of analyst ratings Do you follow analyst ratings? -- This not the way for you look at this chart and notice that the price has hit a resistance on the Bollinger band top this has caused the price to immediately crash at the market open -- With such a price action the following is probably going to happen: -Gap down -Price will drop tomorrow -There will be a lot of retail buyers to hold the bag -- I don't want you to be holding the bag on this one so based on this technical analysis what do you think will happen to this stock? -- Let me tell you what I expect, this stock will crash tomorrow after earnings. -- Disclaimer: This is not financial advice please do your own research before you buy or sell anything
NYSE:HD
by lubosi
HOME DEPOT Buy opportunity on the 1D MA200.Home Depot (HD) gave us last time (October 09 2023, see chart below) an excellent buy opportunity that quickly hit our 326.50 Target: The Bullish momentum was so strong that it broke above the Triangle pattern and gave way to the emergence of a Channel Up. The recent 30 day correction since the March 21 High, can be technically seen as the new Bearish Leg of the Channel Up. With the 1D MACD about to make a Bullish Cross, which has historically been an early buy signal for HD, we have the best buy opportunity at hand since October 27 2023, even though the downside can easily extend as low as 322.00 (-18.80% from the top). This is good enough for us to buy and target initially the 1.236 Fibonacci extension at $415.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:HDLong
by TradingShot
1
Home Depot: Almost There! 🏁We expect that the Home Depot stock will drop further until the current wave (B) concludes in our Target Zone (coordinates: $321.10 – $288.12). After the low is settled, we reckon with a bullish trend reversal, which is why our Zone presents an opportunity to take on long positions. It should be noted that it is also 29% likely for the low of wave alt.(B) to be already in place. In this case, our Zone would not be reached after all, and this alternative scenario will be confirmed if the resistance at $364.45 is exceeded prematurely.
NYSE:HDLong
by MarketIntel
In-Depth Technical Analysis of Home DepotHome Depot, Inc. (HD) exhibits a confluence of bearish signals across multiple technical facets. Our comprehensive analysis deciphers the intricacies of these technical indicators to project potential future movements. Technical Indicators: Ichimoku Cloud Analysis: HD's price action breached below the Ichimoku Cloud, a bearish signal indicating the possible inception of a downtrend. The Conversion Line and Base Line trajectory are sloped downwards, with a widening gap suggestive of increasing bearish momentum. The Lagging Span is positioned below the price action and within the cloud, corroborating the bearish sentiment. Fibonacci Retracement: The rejection from the 0.236 Fibonacci level has set the bearish tone. A consistent descent has been observed, and the current price is on the verge of testing the 0.786 retracement level at $309.47. This level is crucial as it represents the last bastion for bulls to mount a defense, failing which could propel the price to explore depths around the $300 mark. Moving Averages: The price residing below key daily simple moving averages confirms the bearish dominance. Should the price fail to reclaim these averages, the path of least resistance remains to the downside. Volume Profile: The On Balance Volume (OBV) indicator's upward trend juxtaposes the price decline, hinting at a potential divergence. This usually warrants caution as it may precede a reversal. However, the recent peak in trading volume coinciding with a decisive bearish candle suggests a robust sell-off, potentially outweighing the OBV divergence. RSI and MACD: The RSI is teetering on the edge of oversold territory. The proximity to this threshold often precedes a retracement or consolidation phase. Meanwhile, the MACD lines are in a bearish crossover, with the histogram deepening in negative territory, underlining the current bearish drive. Bollinger Bands: HD's stock price has penetrated the lower Bollinger Band, reinforcing the oversold narrative from the RSI. A potential mean reversion could be anticipated, with the middle band around $360 acting as an interim resistance. Chart Patterns and Price Action: The formation of a sequence of bearish candles, characterized by increasing length and volume, is indicative of escalating selling pressure. The lack of significant wicks suggests little buying interest at these levels. Advanced Speculative Projections: Bearish Case: Should the selling pressure continue unabated, a decisive close beneath the 0.786 Fibonacci level may quickly seek out the psychological round number support at $300. This level could serve as a congregation point for contrarian buyers, possibly creating a demand zone for a short-term bounce. Bullish Reversal Case: For a bullish reversal to gain credibility, a reclaiming of the Ichimoku Cloud would be imperative, followed by a close above the Conversion and Base Lines, which would serve as the initial resistance zone. Only a sustained move above this region would alter the current bearish narrative, potentially targeting the 0.382 Fibonacci retracement level near $373.84 as a medium-term objective. Conclusion: The synthesis of technical indicators and price action presents a rather bearish outlook for HD in the short to medium term, underscored by the recent breakdown from significant technical structures. Market participants should anchor their strategies around the aforementioned levels while exercising prudent risk management, given the inherent volatility of equity markets. Note: This analysis is speculative and should be used as a supplement to a comprehensive investment strategy. Markets are influenced by a multitude of factors beyond technical readings, including macroeconomic developments and company-specific news.
NYSE:HD
by AxiomEx
1
HD Long Day Aggressive Counter Trend Trade 16Aggressive Counter Trend Trade 16 - short impulse + biggest untested volume T1 + support level + biggest volume 2Sp+ + test + below first bullish bar closed level entry Calculated affordable virtual stop loss 1 to 2 R/R take profit Hourly Context: "- short impulse + biggest volume T1 + biggest volume 2Sp-" Daily Context: "+ long impulse + T2 level + support level" Monthly Context "+ long impulse + SOS level + support level + 1/2 correction"
NYSE:HDLong
by MishaSuvorov
Home Depot Will Open Four New Distribution CentersHome Depot ( NYSE:HD ) said Thursday it will open four new distribution centers as it drives more sales from remodelers, contractors and other home professionals. The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. They make room for the bulky size, wider variety and larger orders of products that pros need, such as lumber, shingles and insulation, which then can be delivered directly to a job site. Each facility averages approximately 500,000 square feet — about five times the size of the average Home Depot store. Home Depot ( NYSE:HD ) has opened 14 similar distribution hubs to serve pros in major metropolitan areas, starting with the first that it opened in Dallas in 2020. Home Depot ( NYSE:HD ) draws roughly half of its total sales from pros and the other half from do-it-yourself customers, such as homeowners tackling a painting project. Home Depot’s sales declined by 3% in the last fiscal year as customers took on fewer projects after the pandemic. The company said it expects total sales to grow about 1% this fiscal year, including the lift from an additional week. It anticipates comparable sales, which take out the impact of store openings and closures, to fall about 1%, not including the extra week. Beating those lackluster expectations could depend on pro customers, who are usually steadier and bigger spenders compared with DIY customers, said Chip Devine, Home Depot’s senior vice president of outside sales, who oversees the company’s pro business. They also need more specialized salespeople and services, which means they’re less likely to jump between retailers or switch to a competitor. Home Depot ( NYSE:HD ) have made fewer discretionary purchases and tackled smaller home projects in recent quarters. Big-ticket transactions, or those with a price tag of more than $1,000, fell by nearly 7% in the fourth quarter compared with the year-ago period, the company said on its earnings call last month. Home Depot ( NYSE:HD ) is poised to change other aspects of its business to support pros who handle complex and pricey projects. It is piloting a program that offers trade credit to pros, which means that Home Depot underwrites a large order and does not charge the pro customer until it is delivered — a standard that’s common in the industry, Devine said. Home Depot ( NYSE:HD ) also expanded its dedicated sales force for pros. And it has added digital and personalized features for pros, such as tools that help manage complicated orders and a loyalty program that offers perks.
NYSE:HD
by DEXWireNews
2
Home Depot Faces Uphill Battle Amidst Weak 2024 ForecastHome Depot ( NYSE:HD ) finds itself navigating rough waters. The retail giant recently delivered a sobering forecast for 2024, projecting results below analysts' expectations. As demand for home remodeling fails to pick up steam, Home Depot ( NYSE:HD ) braces for a year of sluggish growth and intensified pressure on its bottom line. Unveiling the Forecast: Home Depot's ( NYSE:HD ) announcement sent ripples through the financial markets, with its shares plummeting over 2% in premarket trading. The company's cautious outlook stems from lackluster demand, particularly in discretionary categories like flooring, kitchen, and furniture. Despite resilience in key segments such as plumbing and hardware, overall foot traffic witnessed a decline in the fourth quarter, signaling a broader trend of subdued consumer sentiment. Market Expectations vs. Reality: Analysts had pinned hopes on Home Depot's ( NYSE:HD ) swift return to growth, but the company's guidance fell short of those expectations. With comparable sales projected to decline approximately 1% for 2024, the market grapples with the reality of a prolonged period of stagnation. Transactions at the retail giant dipped for the eleventh consecutive quarter, underscoring the depth of the challenges it faces in reviving momentum. Economic Headwinds and Consumer Behavior: The macroeconomic backdrop, characterized by elevated food prices and borrowing costs, casts a shadow over consumer spending patterns. Homeowners, grappling with inflationary pressures, are prioritizing repair and maintenance over large-scale renovations. This shift in consumer behavior has left Home Depot vulnerable, as it grapples with tepid demand and narrowing profit margins. Analyst Insights and Industry Outlook: Jonathan Reid, a director at Fitch Ratings specializing in retail and consumer goods, notes the disparity between market expectations and Home Depot's guidance. While the home improvement industry anticipates a recovery in the latter half of the year, analysts remain cautious about the company's near-term prospects. With 2024 per-share earnings forecasted to grow a modest 1%, compared to analysts' projections of 3.62%, Home Depot faces mounting pressure to adapt to evolving market dynamics. Navigating the Challenges: Despite the grim forecast, Home Depot ( NYSE:HD ) isn't without its silver linings. Tighter cost controls and easing supply chain expenses helped the company surpass earnings estimates for the fourth quarter. However, these mitigating factors may not be sufficient to offset the broader challenges posed by subdued consumer demand and economic uncertainty. Conclusion: As Home Depot ( NYSE:HD ) charts its course through hard times, the road ahead remains fraught with challenges. The company's weak 2024 forecast serves as a stark reminder of the volatile nature of retail markets and the imperative for adaptability in the face of adversity. How Home Depot ( NYSE:HD ) responds to these challenges will undoubtedly shape its trajectory in the months to come, as it seeks to navigate the complexities of a rapidly evolving economic landscape.
NYSE:HDLong
by DEXWireNews
Home Depot, Inc. (symbol ‘HD’) share price had a steady growthHome Depot, Inc. (symbol ‘HD’) share price had a spectacular steady growth in the latest quarter managing to rise by around 25%. The company’s earnings report for the fiscal quarter ending January 2024 is expected to be released on Tuesday 20th of February, before market open. The consensus EPS is $2.73 against $3.30 in the same quarter last year. ‘The company recovered from the losses incurred in the previous quarter and is not showing any signs of slowing down at least for now. The price-to-earnings ratio (P/E ratio) increased from 18.14 on 31/10/2023 to 23.44 today indicating that the shareholders are anticipating higher economic growth for the company. In addition, the current ratio of the company is at 130% meaning that it can withstand any short-term turmoil with the current assets at hand making it an attractive addition to investors' portfolio.’ said Antreas Themistokleous, trading specialist at Exness. Technical analysis shows that the price is currently testing the resistance of the upper band of the Bollinger bands after finding sufficient support on the round number of $350 in recent sessions. Although the 50-day moving average is trading well above the 100-day moving average validating the overall bullish momentum in the market, the Stochastic Oscillator is in the extreme overbought area. This might be seen as slowing down in the bullish rally but for now, at least it might not be considered a strong sign of a trend reversal. Some minor correction might be seen in the short term but the long-term outlook seems to be bullish at least for the time being.
NYSE:HD
by Exness_Official