Home Depot Inc. (The) ($HD) Stock Forecast: Down 5.0% Today

What is Home Depot Inc. (The)?

Home Depot (NYSE: HD) is a leading home improvement retailer with a market capitalization of $414.21 billion. The stock has historically outperformed the market with an average annual return of 19.46% over the past 15 years.

Why is Home Depot Inc. (The) going down?

HD stock is down 5.0% on Dec 19, 2024 15:45

• Despite Home Depot's strong historical performance and market position, investors may be adopting a cautious approach due to near-term challenges, as indicated by questioning whether to buy or wait.
• The recent bearish movement in Home Depot's stock could be attributed to profit-taking by investors following a 19% gain in the last 6 months, leading to a temporary downward pressure on the stock price.
• Additionally, the stock's 2.7% increase since the last earnings report may have set high expectations, prompting some investors to sell off shares in response to any perceived discrepancies between the actual results and the estimates.
• Overall, the bearish movement in Home Depot's stock today could be a combination of profit-taking, cautious investor sentiment, and potential adjustments following the recent earnings report.

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Here's How Much $1000 Invested In Home Depot 15 Years Ago Would Be Worth Today - Home Depot ( NYSE:HD )

Home Depot HD has outperformed the market over the past 15 years by 7.52% on an annualized basis producing an average annual return of 19.46%. Currently, Home Depot has a market capitalization of $414.21 billion.

https://www.benzinga.com/insights/news/24/12/42492211/heres-how-much-1000-invested-in-home-depot-15-years-ago-would-be-worth-today

Home Depot Stock Gains 19% in 6 Months: Buy It or Wait & See?

A strong market position and ongoing investments in the business are pivotal for HD's success. Should investors still be wary given the near-term challenges?

https://www.zacks.com/stock/news/2383572/home-depot-stock-gains-19-in-6-months-buy-it-or-wait-see

Why Is Home Depot ( HD ) Up 2.7% Since Last Earnings Report?

Home Depot (HD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2382942/why-is-home-depot-hd-up-27-since-last-earnings-report

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Home Depot Inc. (The) Price History

15.07.2023 - HD Stock was up 1.0%

• Home Depot's Q2 results surpassed expectations, with sales beating analyst consensus.
• The stock's bullish movement could be attributed to the strength in categories associated with smaller projects, despite muted demand in discretionary categories.
• The overall market sentiment, with stocks tumbling and China's grim economic outlook, may have influenced investors to seek refuge in stable and reliable companies like Home Depot.
• The decline in revenue and comparable sales could have been overshadowed by the positive earnings surprise, leading to the bullish movement in the stock.

18.08.2024 - HD Stock was up 2.1%

• The surge in options activity on Home Depot indicates a bullish stance taken by investors, possibly driven by positive expectations for the company's performance.
• The overall focus on retail stocks in the market may have contributed to increased interest in Home Depot, as investors seek opportunities in this sector.
• Positive market sentiment towards companies related to Home Depot, possibly influenced by recent market developments such as new partnerships and endorsements, could have contributed to the bullish movement in its stock price today.

25.05.2024 - HD Stock was down 5.1%

• The bearish movement in Home Depot's stock could be attributed to the overall challenges faced by the home improvement industry due to inflation and high interest rates, which are impacting consumer spending on big-ticket discretionary items.
• The unusual options activity indicating a bearish stance taken by some investors might have added to the downward pressure on the stock.
• The comparison between Home Depot and its rival LOW (Lowe's) may have influenced investor sentiment, leading to a shift in preferences within the home improvement sector.
• Home Depot's recent acquisition of SRS Distribution, expanding its market reach and offerings, could be a positive long-term strategy despite the short-term market reaction.

12.11.2024 - HD Stock was down 2.4%

• Smart money made bullish bets on Home Depot options, however, the stock saw a bearish movement.
• The difference in sentiment between financial giants and the market movement may suggest unforeseen negative events affecting Home Depot's stock.
• The stock's decline could be linked to overall market trends or specific internal company developments not reflected in options trading.
• Investors are advised to monitor upcoming announcements and economic indicators that could impact Home Depot's stock performance.

19.11.2024 - HD Stock was down 5.0%

• Despite Home Depot's strong historical performance and market position, investors may be adopting a cautious approach due to near-term challenges, as indicated by questioning whether to buy or wait.
• The recent bearish movement in Home Depot's stock could be attributed to profit-taking by investors following a 19% gain in the last 6 months, leading to a temporary downward pressure on the stock price.
• Additionally, the stock's 2.7% increase since the last earnings report may have set high expectations, prompting some investors to sell off shares in response to any perceived discrepancies between the actual results and the estimates.
• Overall, the bearish movement in Home Depot's stock today could be a combination of profit-taking, cautious investor sentiment, and potential adjustments following the recent earnings report.

14.10.2023 - HD Stock was up 6.2%

• Home Depot's quarterly sales and profit exceeded analysts' expectations, indicating strong performance.
• Customers are opting for smaller projects, which suggests a shift in consumer behavior towards more manageable home improvement tasks.
• Despite a decrease in sales for Q3, Home Depot has narrowed its fiscal guidance, indicating confidence in future performance.
• The overall market sentiment, with the EUR being the strongest and the CAD being the weakest, could have also contributed to Home Depot's bullish movement.

12.05.2024 - HD Stock was up 5.7%

• Home Depot (HD) experienced a strong bullish movement, likely driven by the surge in options activity.
• The increased interest in HD options, with a higher number of call options compared to put options, suggests a positive sentiment among investors regarding the stock's future performance.
• The bullish market movement could also be influenced by the overall positive sentiment in the market towards blue-chip stocks.
• The consolidation efforts in various industries could also be contributing to the bullish movement in HD, as investors may view consolidation as a positive sign for the company's growth prospects.

20.01.2024 - HD Stock was up 1.3%

• Home Depot's sales have been on a downward trend for the fifth consecutive quarter, with a 3.5% decline in comparable sales.
• Despite the sales decline, Home Depot managed to outperform expectations with fourth-quarter revenue of $34.79 billion, slightly beating analyst estimates.
• The stock experienced a 2% drop in premarket trading, reflecting investor concerns about the impact of higher mortgage rates on the housing market.
• The contrasting performance of Home Depot and Walmart highlights the challenges faced by retailers in different sectors, with Walmart being perceived as better positioned in the current market environment.

05.08.2023 - HD Stock was down 1.6%

• The bearish movement in HD's stock today could be attributed to several factors:
• 1. Divergent retail fates: The article mentions that Foot Locker, a competitor of HD, reported falling sales and slashed its outlook, which could have raised concerns about the overall retail sector, including home improvement. This negative sentiment might have affected HD's stock price.
• 2. Market uncertainty: The overall market uncertainty mentioned in an article from Investor Place could have influenced investors to sell off their positions in HD, seeking more stable investments.
• 3. Analyst reports: The article mentions that HD is one of the major stocks covered in research reports. Any negative or cautious outlook provided by analysts could have impacted investor sentiment and contributed to the bearish movement.
• 4. Profit-taking: It is also possible that some investors decided to take profits after a period of gains, leading to a temporary decline in HD's stock price.

03.09.2023 - HD Stock was down 2.8%

• The bearish movement in Home Depot's stock today could be attributed to a combination of factors:
• 1. Unusual Options Trades: The presence of bearish trades in Home Depot's options history indicates that some investors have taken a negative stance on the stock. This sentiment could have contributed to the downward movement.
• 2. Downgrade by StockNews.com: The recent downgrade of Home Depot's stock rating from "buy" to "hold" by StockNews.com might have influenced investor sentiment and led to selling pressure.
• 3. Lawsuit Controversy: The ongoing lawsuit involving Home Depot and actor Tyrese Gibson, alleging racial discrimination, could have created negative publicity for the company. Such controversies can impact investor confidence and potentially contribute to a bearish market movement.
• 4. Overall Market Conditions: It's important to consider that market conditions as a whole can also influence the movement of individual stocks. If there is a broader bearish sentiment in the market or concerns about the economy, it could have affected Home Depot's stock negatively.
• Please note that the assessment provided is based on the given information and should be considered in conjunction with other relevant factors before making any investment decisions.

10.06.2023 - HD Stock was up 1.5%

• The bullish movement in Home Depot's stock today can be attributed to a few factors:
• 1. Increasing merchant partnerships: The announcement by Katapult Holdings, Inc. that Home Depot is one of the merchants on their mobile app featuring Katapult Pay indicates a growing list of retailers collaborating with Home Depot. This positive development suggests potential increased sales and customer engagement for the company.
• 2. Positive sentiment in the market: Despite a dip in the overall market, Home Depot's stock managed to gain +0.26% in the most recent trading session. This indicates that investors have a favorable outlook on the company, potentially due to its strong market position and resilience in the home improvement sector.
• 3. Reduced short interest: The decline in Home Depot's short percent of float by 23.31% suggests that fewer investors are betting against the company's stock. This reduction in short interest could contribute to the upward movement in the stock price as short sellers cover their positions, adding buying pressure.
• Overall, Home Depot's bullish movement today can be attributed to the increasing merchant partnerships, positive market sentiment, and reduced short interest in the company.

15.08.2023 - HD Stock was down 0.1%

• The bearish movement in Home Depot's stock today could be attributed to a combination of factors:
• 1. Frozen residential real estate market: The article mentions that Home Depot is a victim of the frozen residential real estate market. This could indicate a slowdown in the housing market, leading to decreased demand for home improvement products and services.
• 2. Potential impact of Hurricane Lee: The article mentions that Hurricane Lee is expected to hit parts of the U.S. Home Depot, being a retailer of building materials, may experience a decline in sales due to the disruption caused by the storm.
• 3. Underperformance compared to the S&P 500: The article highlights that the Dow Jones Industrial Average, of which Home Depot is a component, is trailing behind the S&P 500 in terms of performance. This underperformance may have contributed to the bearish movement in Home Depot's stock.
• 4. Litigation concerns: Although not directly mentioned in the articles, the presence of potentially ruinous litigation weighing down other Dow stocks could have created a negative sentiment in the market, affecting Home Depot's stock as well.
• Overall, the bearish movement in Home Depot's stock today could be attributed to a combination of factors such as the frozen residential real estate market, the potential impact of Hurricane Lee, underperformance compared to the S&P 500, and general concerns about litigation affecting Dow stocks.