Various investment firms have been adjusting their holdings in
Home Depot (NYSE:HD) lately, with entities like Fred Alger Management LLC, Caisse De Depot ET Placement Du Quebec, Northwest & Ethical Investments, and Algert Global LLC
purchasing shares, and others such as Hantz Financial Services, Captrust Financial Advisors, and BNP Paribas
selling shares. Despite this, investors are encouraged to invest as
sales are improving and Home Depot's
earnings outlook looks positive. An
upcoming Black Friday sale serves as an opportunity for boosted revenue. Furthermore, Home Depot has made it to the UBS’ list of stocks for the AI, Growth, and Low Rates era, indicating its potential for high
long-term growth. However, some caution has been expressed due to the notion that consumers are still cautious about spending. The company has recently
updated its fiscal 2024 guidance and released its Q2 and Q3 earnings, showing
promising results. However, a dip in consumer demand could reflect in their Q3 report.
Home Depot HD News Analytics from Tue, 14 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 14:45:48 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -4
