Home Depot (HD) concluded the recent trading session at $412.43, signifying a +1.3% move from its prior day's close.
A closely watched government inflation gauge came in hotter than expected in January, fueled in part by an uptick in housing costs. If the trend continues, it could put a damper on housing sales and home improvements.
Home Depot Inc HD: The home improvement stock saw a surge in interest from readers during the week, including more than normal searches for a stock of its size. The interest could be related to pressure on stocks in the homebuilder sector due to tariff and economic concerns. Home Depot could also be volatile with winter storms impacting regions of the country.
The real estate sector has been dragged down by high interest rates over the past few years. Higher rates have affected many companies in many industries that are directly or indirectly impacted by a slow real estate market, including home improvement companies like Home Depot (HD 0.08%).
WOODBRIDGE, VA — Revitalization of the Gordon Plaza shopping center in Woodbridge is taking a new step after action by the Prince William County Board of Supervisors Tuesday. The board approved rezoning and a special use permit to allow a Home Depot store to anchor Kimco Realty's intended redevelopment of the shopping center. Gordon Plaza was developed in 1973 and is largely vacant, with the exception of the Aldi grocery store. The Home Depot Store will include a garden center with a nursery, motor vehicle rentals and curbside pickup. Woodbridge District Supervisor Margaret Franklin said the new use for Gordon Plaza will serve the North Woodbridge community well. "If you're familiar with the shopping center, it is in great need of repairs," said Franklin. "I just want to thank Kimco for stepping up and saying that they want to help revitalize this area and really beautify it. It's going to go really beautifully with the rest of the work we're doing in North Woodbridge to revitalize our corridor."
Recently, Zacks.com users have been paying close attention to Home Depot (HD). This makes it worthwhile to examine what the stock has in store.
Sales surged for Home Depot (HD -0.78%) during the pandemic. How is the stock doing now?
In the latest trading session, Home Depot (HD) closed at $408.76, marking a -0.78% move from the previous day.
Home Depot (HD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Home Depot (HD) concluded the recent trading session at $418.83, signifying a -1.42% move from its prior day's close.
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he bought Home Depot.
With 2,345 stores in total and trailing-12-month sales of $155 billion, Home Depot (HD 0.03%) is the clear leader in the home improvement industry. Its shares have been a huge winner, producing an unbelievable total return of 211,200% in the past four decades.