Expect HD to be heavily favored in a tough environment as it has little to no exposure to overseas turmoil.
HD is a US pure play and as investors around the world seek out safe bets HD is going to look very attractive.
The fed is moving the market not HD top lines. This is going to grind down with the market. Buying in now is a big mistake. You will be looking at HD pushing down to near $100 within 3 to six months as the entire market corrects. The trigger will be a fed move in June. I will stay in cash and head for the beach.
The market already saw this coming and priced it in before earnings release. Had they missed by 1cent this stock would have dropped $10 to $15 bucks quick. As it is many are saying that with the expected good news this baby is priced about right or maybe a bit on the high side. Add to this the summer sell phenom, the uncertainty of what the feds will do in June given a higher inflation number coming out with strong April economic indicators in the US, Puerto Rico, no credibility on anything the Chinese government says about their performance, election year uncertainty like we have never seen before and for my money I think the market is pretty much spent and ready for a good old fashion summer/fall correction. I am staying in cash and heading for the boardwalk at the beach.