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In the closing of the recent trading day, Home Depot (HD) stood at $353.29, denoting a +0.85% change from the preceding trading day.
Most investors are focused on the rallies in the technology sector today, particularly around companies dealing with artificial intelligence and the broader chips and semiconductor names like NVIDIA Co. NASDAQ: NVDA. However, recent selloffs in the space have triggered a so-called flight-to-safety in the market, leading investors into other asset classes like gold and currencies.
Home Depot's robust business model and wide economic moat make it a resilient long-term investment, despite recent economic headwinds impacting sales. Strategic investments in pro contractors and an omnichannel approach position HD for future growth, particularly as building maintenance demand rises. Consistent dividend growth, share buybacks, and a strong balance sheet highlight Home Depot's commitment to returning value to shareholders amidst market fluctuations.
The acquisition of SRS makes perfect strategic sense, and investors shouldn't stress over the near-term impact on non-cash earnings. Home Depot has the potential to disappoint due to ongoing weakness in consumer discretionary spending on the home.
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One of the most familiar brands in the grocery aisle pays a high yield of 4.74%. Falling interest rates could provide a timely boost to this home improvement king.
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Home Depot (HD) reachead $366.08 at the closing of the latest trading day, reflecting a -1.56% change compared to its last close.
Rhode Island Democratic Senator Sheldon Whitehouse just disclosed three trades of three very different companies. All three of these trades were made last month but disclosed on July 16.