Poster child of what was wrong with the US stock market. Great company, firing on all cylinders. Really expensive, even with the pullback, trading at 19x with only 6% growth. People will still buy and renovate homes, as long as rates don't go too high. Better value elsewhere.
It is a good company but he is not ready to buy yet. Stocks related to housing did well until December but rates going up will affect housing. It is a secular growth stock and is good for the dividend.
Rough earnings. Below 200-day MA, but still moving up. Trendlines are flattening. Early pandemic winners are giving way to early pandemic losers. Great franchise. 19x forward earnings for 10% growth, so not terrible. Shift in sentiment away from home improvement. Don't add.
(A Top Pick Dec 08/20, Up 20.6%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with HD has triggered its stop at $315. To remain disciplined, we recommend covering the position at this time. We will monitor for another potential re-entry level.
The US homebuilding sector Housebuilding stocks are cyclical, driven by momentum. Interest rates are rising and there's a housing shortage in the US, and yet houses remain affordable due to low rates. But rising rates may be a headwind. She prefers playing this space through Home Depot, because people will buy homes and do renos, while older homes also need renos. Millennials will move out, post-Covid, and may need home renos, too.
Probably won't get hurt buying it. Sensitive to home sales. When that market slows down, people spend less at HD. Not cheap, but best in class. As a long-term shareholder, you could do worse. He'd be interested if a slowdown made the stock fall significantly.
It's down 10% in the past month. A great company. Problem is, there are no buyers in the final minutes of each trading day. No liquidity. The market is too uncertain, so don't buy all at once. Rather, buy in tranches of 20 shares.
(A Top Pick Jan 18/21, Up 34%) It has pulled back low enough that you can enter it. She likes home improvement long term; it's Amazon-proof. Higher rates are scaring the US housing market, but supply remains tight, so it's attractive, supported by household income. US homes are aging, many past 50 years old, some demand for renovations will be strong. Housing turnover remains high. All tailwinds.
Remains a core holding. Reported this morning, very strong sales, stock bumped up. Strong demand from the pro customer has rebounded. People are renovating rather than moving. Don't buy it here. She took some profits a couple of weeks ago.
It reports Tuesday. It tends to open up on the day of earnings news, then plunge later in the day during the conference call. If you don't own, then wait till the sell-off.
Last quarter, they had a slight beat. Beat on top and bottom lines but they cut their guidance on 2021 due to covid. This is a name that you don't need to buy at these levels. They are expensive for what you get. Has had a huge run.
Home Depot is a American stock, trading under the symbol HD (previously HD-N on Stockchase) on the New York Stock Exchange (HD). It is usually referred to as NYSE:HD or HD