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Has Home Depot Stock Bottomed Out?

Ralph Nathan
Has Home Depot Stock Bottomed Out?

After posting better-than-expected second-quarter earnings results on August 14, Home Depot (HD) raised its revenue, SSSG (same-store sales growth), and EPS guidances for 2018. Along with these factors, rising home prices and the falling unemployment rate led the company’s stock price to a new 52-week high of $215.43 on September 12.