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Home Depot: Wait For A Bottom To Form

Mar. 01, 2022 8:18 PM ETThe Home Depot, Inc. (HD)24 Comments
Hale Stewart profile picture
Hale Stewart


  • The current market environment has changed to one favoring larger, well-managed companies.
  • Home Depot's financials clearly fit that bill.
  • However, the stock is still in a downtrend.

Home Depot Earnings Beat Estimates In Third Quarter

Justin Sullivan/Getty Images News

Home Depot is a great well-managed company. But the stock is still in a downtrend.

The tone of the market has clearly changed. Even before the war in Ukraine, the sentiment was shifting towards a more defensive posture

Home Depot gross revenue

Home Depot gross revenue (Seeking Alpha)

Home Depot income statement percentages

Home Depot income statement percentages (Seeking Alpha)

Home Depot cash flow and dividend safety

Home Depot cash flow and dividend safety (Seeking Alpha)

Weekly and Daily HD Charts

Weekly and Daily HD Charts (Stockcharts)

This article was written by

Hale Stewart profile picture
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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