Home Depot has formed 3 Rising Valleys at a Support Level with the Confluence of the 200 Week SMA and Hidden Bullish Divergence. I think it could eventually break through the trend line and go up to $400
AMEX:DIA looks solid, HD is one of there holdings. Closed last week with a hammer on the weekly. I like the 305-310C for 7/21. Let me know your analysis on HD this week!
According to TipRanks, the average price target is $315.25 with a high forecast of $360.00 and a low forecast of $276.00. The average price target represents a 7.81% change from the last price of $292.40.
I just arrived to Home Depot to get $50 of stuff. I come here once a week for DIY things. It is Saturday but the parking lot is packed crazy like when middle Covid home improvement blitz. So I pull it up on trading view and see the benefit of premium level - the head and shoulders sitting there drawn up. I would assume my personal experience is worth 000000 so...
Idea: Long
Horizon: 1-2 weeks
Target 1: 303.34
Target 2: 308.57
Target 3: 313.8
Potential of the idea: 60%
Stop order: $286.7
Technical analysis
HD is in a sideways movement, the price made a deviation from the bottom and we got a reaction from buyers. We expect that the price will come to the upper boundary of the sideways movement at least, after that a...
Home Depot reported weaker earnings – revenue fell 4.25% YoY earnings fell 8.8%. It reflects a weaker building + DIY market in the US, which is what we’re seeing across the board – specialist store Restoration Hardware (RH) reported similarly weak sales. HD fell 2.15% in response, which isn’t enough value for us yet. We initiated coverage of HD back in December...
All media invokes sensationalism to get clicks and views to see their ads. Some really play into the doomer mindset of their readers/viewers by selecting stories that amplify the theme of the world/economy/dollar ending and that the next crash is right upon us! I've been reading these headlines every day for over a decade now and it's just the way modern...
Earnings miss.
Triangles are neutral until cleanly broken.
Price is hovering at the support line and the 50% level of the trend up. Price dipped below the support line earlier this am.
No recommendation/Candle of indecision.
Home Depot. Note, the left hand side ascent from penny stock to mature stock looks very much like #bitcoin. Log advances need rests along the way. sometimes long rests.
Home Depot in no man's land, losing important upwards momentum.
Follow the charts, not the head lines click bait news stories.
#homedepot
NYSE:HD has profitable for the past five years, with earnings per share (EPS) growing at an average rate of 17.67%. The company also pays a dividend, which has been growing at an average rate of 16.37%. The company's valuation metrics are also relatively healthy, with a price-to-earnings ratio (P/E) of 17.355 and a price-to-book ratio of 205.99.
However, there...
Home Depot reports earnings tomorrow. This could be telling for retail stocks.
If HD earnings come in negative this would drag XRT down and likely the market leading Home builders.
With the weakness in Lumber, Copper & steel weak earnings could be very likely.
According Morgan Stanley,
$360 PT represents ~19.5x our 2024e EPS of $18.20, or ~14x our 2024e EBITDA of ~$27.8b. Home improvement sees demand moderation in '23 and growth in '24. In '22/'23/'24 we forecast comps of 3.3%/0.5%/3.5%, GM -10 bps/flat/flat, and +2.7%/+0.5%/+3% SG&A per sq ft growth. This drives ~15 bps of cumulative EBIT margin expansion in...
Keeping it simple with this one,
HD on the weekly hasn't broken the 200 WMA aside from the covid crash, and is resting there now.
Given this, it serves as a good entry and expect a non-disastrous earnings release and price to pivot higher here - $310 First Target
This is one of my favorite dividend stocks, with a yield of 2.68%. Earnings are on Tuesday and it has been trending sideways. It is ready to come back to full valuation soon. It has a price tag of $350 to $400 over the next year, forecasted. Time to build some income into the portfolio.
