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Published on 12 Nov 2024 on Benzinga

Home Depot Flashes Buy Signal As Earnings Beat Expectations - Home Depot...

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The Home Depot, Inc. HD is trading higher after posting strong earnings. The company reported $3.78 per share on revenues of $40.22 billion. Both of these were higher than estimates. Home Depot also said it is projecting comparable sales to fall by 2.5%, instead of the previously anticipated 3% to 4%.

In addition to these strong fundamentals, the stock may have just had a classic technical analysis buy signal. This is why it is our Stock of the Day.

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NYSE.HD price evolution

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