Home Depot: Earnings Mixed, Wait to Buy the Dip Hosted by Laycee KluinMay 15, 2024 ShareLink copied to clipboard. Play video for Home Depot: Earnings Mixed, Wait to Buy the DipDetailsGuestsHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year. Conversely, better-than-expected profitability and an outlook for normalized operations suggest that capital returns will continue to flow. Because HD analysts cap gains, upward movement will be limited for the foreseeable future. Because the stock yields a healthy 2.65% while trading at fair value relative to the S&P 500, support should be solid at the bottom of the range. The takeaway for investors is that Home Depot is a solid discretionary stock to hold while it trades within a long-term consolidation range and one to target for buying on the dips. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioHDHome Depot4.7607 of 5 stars$414.56+0.3%2.17%28.16 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatTexas approves new currencyRural Texas Town Ramps Up Global Currency War A small town has joined a radical $1.9 trillion attack on the...Stansberry Research | Sponsored7 Low Beta Stocks for the Risk-Averse InvestorInvesting is about balancing risk and reward. 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Hosted by Laycee KluinMay 15, 2024 ShareLink copied to clipboard. Play video for Home Depot: Earnings Mixed, Wait to Buy the DipDetailsGuestsHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year. Conversely, better-than-expected profitability and an outlook for normalized operations suggest that capital returns will continue to flow. Because HD analysts cap gains, upward movement will be limited for the foreseeable future. Because the stock yields a healthy 2.65% while trading at fair value relative to the S&P 500, support should be solid at the bottom of the range. The takeaway for investors is that Home Depot is a solid discretionary stock to hold while it trades within a long-term consolidation range and one to target for buying on the dips. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioHDHome Depot4.7607 of 5 stars$414.56+0.3%2.17%28.16 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatTexas approves new currencyRural Texas Town Ramps Up Global Currency War A small town has joined a radical $1.9 trillion attack on the...Stansberry Research | Sponsored7 Low Beta Stocks for the Risk-Averse InvestorInvesting is about balancing risk and reward. That's why regardless of market conditions, many investors with ...MarketBeatIs Big Tech dead?China just threw a “$5.5 million” curveball called Deep Seek to Silicon Valley and the timing of it is no coin...Brownstone Research | Sponsored7 Warren Buffett Stocks to Ride Out Market VolatilityWarren Buffett has been one of the most closely watched investors in the last half-century. The “Oracle ...MarketBeatAlert: DOGE goes live"It's Elon's world, and the rest of us live in it." Every investor in America is trying to figure out what ...Altimetry | Sponsored13 Stocks With Strong Institutional BuyingHedge funds, university endowments, pension funds, and sovereign wealth funds have been pouring money into an ...MarketBeat
