Home Depot: Earnings Mixed, Wait to Buy the Dip Hosted by MarketBeat StaffMay 15, 2024 ShareLink copied to clipboard. Play video for Home Depot: Earnings Mixed, Wait to Buy the DipDetailsGuestsHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year. Conversely, better-than-expected profitability and an outlook for normalized operations suggest that capital returns will continue to flow. Because HD analysts cap gains, upward movement will be limited for the foreseeable future. Because the stock yields a healthy 2.65% while trading at fair value relative to the S&P 500, support should be solid at the bottom of the range. The takeaway for investors is that Home Depot is a solid discretionary stock to hold while it trades within a long-term consolidation range and one to target for buying on the dips. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioHDHome Depot4.1897 of 5 stars4.19 / 5 stars$359.64+1.8%2.50%24.12 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeat625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored7 Stocks That Can Become Your Own Magnificent SevenIn 2023, investors became acutely aware of the phrase "Magnificent Seven." This referred to the seven technolo...MarketBeat“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | Sponsored20 Stocks to Sell NowMost people know that Wall Street analyst recommendations are overstated because of pressure from public compa...MarketBeatRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | Sponsored15 Stocks That Insiders Won't Stop BuyingAn insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information...MarketBeat Opportunities Arise as Stock Market Rotates from Big TechDiscover how the great stock rotation is shaking up the market and what it means for your investments, including the companies poised for growth.Related VideosProfit Like Congress: The Stocks They're Betting On Featured Articles and OffersWhy This AI Stock is Rising Despite Tech Sell-OffJuly 20, 2024View Why This AI Stock is Rising Despite Tech Sell-Off625,000% GainFrom Crypto Swap Profits(Ad)View 625,000% GainInnovative Robotics Stock Rockets 187% on NVIDIA InvestmentJuly 22, 2024View Innovative Robotics Stock Rockets 187% on NVIDIA InvestmentTesla Skids Into a Buying Opportunity But Don’t Buy it YetJuly 24, 2024View Tesla Skids Into a Buying Opportunity But Don’t Buy it YetTop 4 High-Yield Dividend Stocks to Add to Your PortfolioJuly 22, 2024View Top 4 High-Yield Dividend Stocks to Add to Your Portfolio“Generational Bull Run” IncomingFrom Unstoppable Prosperity(Ad)View “Generational Bull Run” Incoming Search Headlines Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. 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Hosted by MarketBeat StaffMay 15, 2024 ShareLink copied to clipboard. Play video for Home Depot: Earnings Mixed, Wait to Buy the DipDetailsGuestsHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year. Conversely, better-than-expected profitability and an outlook for normalized operations suggest that capital returns will continue to flow. Because HD analysts cap gains, upward movement will be limited for the foreseeable future. Because the stock yields a healthy 2.65% while trading at fair value relative to the S&P 500, support should be solid at the bottom of the range. The takeaway for investors is that Home Depot is a solid discretionary stock to hold while it trades within a long-term consolidation range and one to target for buying on the dips. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioHDHome Depot4.1897 of 5 stars4.19 / 5 stars$359.64+1.8%2.50%24.12 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeat625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored7 Stocks That Can Become Your Own Magnificent SevenIn 2023, investors became acutely aware of the phrase "Magnificent Seven." This referred to the seven technolo...MarketBeat“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | Sponsored20 Stocks to Sell NowMost people know that Wall Street analyst recommendations are overstated because of pressure from public compa...MarketBeatRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | Sponsored15 Stocks That Insiders Won't Stop BuyingAn insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information...MarketBeat