The trends in existing U.S. home sales tend to be leading indicators for Home Depot's earnings. But there's a lag, so the stock's valuation will look expensive when home sales are starting to improve.
Home Depot has a history of raising its dividend. According to reports, Loop Capital analyst Laura Champine just upgraded the stock from a "hold" to a "buy" and raised her firm's price target from ...
Home Depot (HD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.