Comment / Ahead of Walmart, Home Depot gets the green light

Asmell

ID 36330244 © Flynt | Dreamstime.com

By Alessandro Pasetti

16/08/2023

$334bn-market-cap Home Depot had its fiscal Q2 23 numbers out* yesterday, 15 August. They helped its stock buck the trend of a falling market in the US, as the most prominent indexes – Dow, S&P 500 and Nasdaq – were all down about -1%.

(*The second fiscal quarter ended on 30 July.)

A year after we wrote “Home Depot – recession hedge in place (apparently)” – the stock then trading at $325 against its current $332.1, +0.66% on the numbers – the ...

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