PAY ATTENTION: INFLATION HEADLINE IS MISLEADING, HOME DEPOT EARNINGS SHOW CONSUMER WEAKNESS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Misleading Headline
Please click here for a chart of Home Depot (HD).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of HD stock is being used to illustrate the point.
- Home Depot is an important stock because it is the largest home improvement retailer and its earnings give a glimpse into consumer sentiment. HD is also a component of the Dow Jones Industrial Average (DJIA).
- The chart shows that HD pulled back 20% from its high in March to its low in May.
August 13, 2024