Is Home Depot’s Rally Finished?

1z

After delivering a solid set of earnings for its second quarter, Home Depot could’nt muster a share price rally. Higher sales comps along with higher guidance for 2016 earnings didn’t result in the stock going higher. I feel this stock has much more risk to the downside. Anything from higher interest rates to a slow down in the housing market would bring this stock lower. Furthermore I still believe e-commerce will become a bigger threat in the next year or so. Home Depot up to now may have been Amazon proof but this situation will not continue indefinitely..

This entry was posted in Recommendations and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *