Home Depot: Panic Is Overblown


  • The Home Depot stock has significantly outperformed the S&P 500 since its September lows. However, with the Fed expected to stay hawkish in 2023, is there still upside from here?
  • The housing market has continued to pull back as home affordability has been impacted.
  • Some investors are concerned that the company’s earnings and demand risks have not been reflected accordingly.
  • Still, it didn’t stop HD from recovering more than 30% through its December highs, defying the bearish sentiments.
Home Depot Earnings Beat Estimates In Third Quarter

Justin Sullivan

The Home Depot, Inc. (NYSE:HD) has significantly outperformed the S&P 500 (SPX) (SP500) (SPY) since our previous update, urging investors to ignore the fear as mortgage rates surged.

As such, we think it’s opportune for us to update whether investors who

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.

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