Is Home Depot’s Rally Finished?


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..

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