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HOME DEPOT INC

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HD trade ideas

I'm not bearish after HD earning reportAccording Morgan Stanley, $360 PT represents ~19.5x our 2024e EPS of $18.20, or ~14x our 2024e EBITDA of ~$27.8b. Home improvement sees demand moderation in '23 and growth in '24. In '22/'23/'24 we forecast comps of 3.3%/0.5%/3.5%, GM -10 bps/flat/flat, and +2.7%/+0.5%/+3% SG&A per sq ft growth. This drives ~15 bps of cumulative EBIT margin expansion in 2022-2024, with +5%/flattish/+4% EBIT growth. Risks to Upside Housing market accelerates through and beyond COVID-19 disruption Initiatives gain momentum and drive top line acceleration in 2022/2023 Risks to Downside A slowdown in the Home Improvement market More than expected interest rate hikes Departure of key leadership
NYSE:HD
by KhanhC.Hoang
Home Depot bearish momentum might be shifting Shares in Home Depot, Inc. (symbol ‘HD’) is trading at a loss compared to the opening of 2023 currently sitting on a loss of around 9%. The company is expected to report its earnings for the fiscal quarter ending April 2023 on Tuesday 16th of May, before market open. The consensus EPS is $3,81 compared to the result for the same quarter last year of $4,09. ‘ With the dividend yield almost at 3% and the payout ratio at around 45% the company is an attractive addition to the portfolio of investors, especially long term. The retailing giant is looking financially healthy since the latest current ratio figure on January 2023 at 140% showing that they have the ability to overcome short term turbulence.‘’ said Antreas Themistokleous, an analyst at Exness. On the technical side the price is trading in an overall bearish momentum with the 50 SMA still well below the 100 SMA while the Stochastic oscillator near the extreme oversold level indicating that a minor correction to the upside might be imminent in the following sessions. The lower band of the Bollinger bands is acting as a support on the price for the time being while the 50 SMA is acting as a resistance on the price. All in all the coming sessions are important for the price of the share because it could indicate the short term direction of the trend depending if it manages to break above the 50 day moving average or the lower band of the Bollinger bands. .
NYSE:HD
by Exness_Official
Home Depot to raise the house (a bit). HDOr a 5+% loss incase of a stoploss trigger. Technically, we can climb here, given increasing momentum, but local pivot not confirmed. Head and shoulders is also speculative. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:HD
by Rykin_Capital
Home Depot: Diligent ⚙️As a hard worker, Home Depot has just recently nailed down wave X in green, hitting our green target zone between $282.54 and $260.03. From this low, the share has already started the anticipated ascent and thus should soon reach the resistance line at $347.25. Next, Home Depot should saw through this mark and climb into the gray zone between $360.98 and $402.97 to tape down wave b in gray before turning downwards again. The following descent should then lead the course back below $347.25 and subsequently below the support at $260.03. There is a 37% chance, though, for Home Depot to drop below this level early. In that case, we would assume that the share has last developed waves alt.1 and alt.2 in green instead of waves (A) and (B) in magenta and thus has already finished wave alt.b in gray.
NYSE:HD
by MarketIntel
Home Depot Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for HD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 311.69, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 331.31 where the overlap resistance and 78.6% Fibonacci line are. Take profit will be at 279.90, where the overlap support and 78.6% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
NYSE:HDShort
by FXCM
Home Depot Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for HD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 311.69, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 331.31 where the overlap resistance and 78.6% Fibonacci line are. Take profit will be at 279.90, where the overlap support and 78.6% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
NYSE:HDShort
by Rockqet
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