The Home Depot (HD) (referred to in some countries and often in colloquial speech simply as Home Depot) is an American retailer of home improvement and construction products and services. It operates many big-box format stores across the United States (including all 50 U.S. states, the District of Columbia, Puerto Rico, the United States Virgin Islands and Guam), all ten provinces of Canada, as well as Mexico. The company is headquartered at the Atlanta Store Support Center in Cobb County, Georgia, in Greater Atlanta. In terms of overall revenue reported to the U.S. Securities and Exchange Commission, the company is the largest home improvement retailer in the United States, ahead of rival Lowe's. The store operates out of large warehouse-style buildings averaging 105,000 ft2 (9,755 m2) with megastores operating in larger facilities (the company's largest store, located in Union, New Jersey is 225,000 ft2).
Home Depot raises forecasts after strong start to the year (Reuters) - Home Depot Inc (HD.N) boosted its sales and profit forecasts for the year after a stronger-than-expected first quarter, providing a rare dose of good news to a gloomy retail sector. The world's biggest home improvement chain has benefited as consumers cut back spending on items such as apparel and accessories and instead spend more on big-ticket purchases such as houses and home renovations.
Reported before open today (5/17/16) Earnings: EPS $1.44 Revenue $22.76B Estimates: EPS $1.36 Revenue $22.39B Down 2.52% today
Could be a good time to buy with the hurricane on the loom. Don't these types of companies do well after natural disasters?
Short-term bulls in Home Depot Traders are looking for gains in Home Depot by the end of next week. optionMONSTER's market scanner shows that 5,200 Weekly 131 calls expiring on Oct. 14 were purchased for $0.40 to $1.04 yesterday. This represents fresh buying, as open interest in the strike was only 186 contracts before the session began. Then, in the last half-hour of trading, more than 5,200 October 134 calls were bought for $0.19 to $0.45 against open interest of 2,748 contracts. http://www.optionmonster.com/news/article.php?page=shortterm_bulls_in_home_depot_116590.html
Analyst Upgrade/Downgrade Update Brokerage firm: RBC Capital Mkts Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Outperform Previous Price Target: $145 Current Price Target: $146
I bet SHLD has to pay AMZN to sell Kenmore appliances...lol. I doubt Shld can make any money in this deal after shipping + low margins
Big crowds in Home Depot stores all over southern Florida, buying everything from generators to wood planks to secure windows and doors.
As usual, I should have gotten in this before the hurricanes started hitting. Talked about it with a coworker when they started talking about the first hurricane about to hit Texas. Up 5%ish since then, like it seems to always be after a natural disaster.
Scooped some of this and played the breakout. So far so good: The downside is that this is uncharted territory so it is going to be interesting trying to determine when to exit.
