August 17, 2021

By Nigam Arora & Dr. Natasha Arora

Gurus Likely Wrong

Please click here for a chart of  Home Depot (HD).

Note the following:

• The Morning Capsule is about the big picture and not about individual stocks.
• The chart of HD is simply being used to illustrate the bigger point.
• The chart shows when HD reported earnings.
• HD earnings were better than the consensus and whisper numbers.
• The way the positioning is in HD stock, on these earnings, the stock should have gone up.  The chart shows the stock has fallen on the earnings in the pre-market.
• The reason for the fall in HD stock is that there are signs of pull-forward demand.