Home Depot Stock News

ATLANTA , Aug. 13, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from the second quarter of fiscal 2023. Total sales include $1.3 billion from the recent acquisition of SRS Distribution Inc. (SRS), which represents approximately six weeks of sales in the quarter.

Here's what's on the radar for CNBC TV heading into Tuesday's session as traders try to build on last week's big comeback.

Analysts expect Home Depot comparable sales fall for the seventh straight quarter when the Dow Jones retailer reports Q2 results Tuesday.

Home Depot (NYSE: HD) is scheduled to report its fiscal second-quarter results on Tuesday, August 13. We expect the company's stock to likely trade higher with its revenues and earnings beating the market expectations marginally.

Home Depot is a market leader in home improvement with strong financial growth and capital allocation strategies, making it a good long-term investment, but short-to-medium term, I am bearish on the stock. Stagnating income growth and weak macroeconomic conditions pose risks to the stock price, but valuation is primed for perfection. I own put options in the stock as part of my broad-based mark...

July consumer price index inflation data. Plus, earnings from Barrick Gold, Home Depot, Cisco Systems, Alibaba Group, Applied Materials, Deere, and Walmart.

Salesforce is surprisingly inexpensive for a rock-solid growth stock. Chevron stock has taken a hit, but the business is in great shape.

This week will bring fresh data on inflation, the housing market, and retail sales after a volatile week for markets amid worries about the health of the economy. A handful of Federal Reserve speakers will also give remarks during the week, potentially offering more insights.