U.S. Markets closed

Home Depot Is Still Pointed Up but With Some Bearish Divergences

Home Depot Is Still Pointed Up but With Some Bearish Divergences

For his "Executive Decision" segment, Jim Cramer sat down with Carol Tome, retiring CFO of Home Depot Inc. , after a remarkable 24-year career at the company. When asked about our economy, Tome said Home Depot learned a long time ago that if home prices are rising, then consumers will invest in and remodel their homes. In the daily bar chart of Action Alerts PLUS holding HD, below, we can see that prices have retraced the fourth-quarter 2018 decline and pushed up to a new high this month.