Published on 26 Mar 2024 on Zacks via Yahoo Finance

Here is What to Know Beyond Why The Home Depot, Inc. (HD) is a Trending Stock

Home Depot (HD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this home-improvement retailer have returned +3.2% over the past month versus the Zacks S&P 500 composite's +2.7% change. The Zacks Building Products - Retail industry, to which Home Depot belongs, has gained 5.2% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.