U.S. Markets closed

See what the IHS Markit Score report has to say about Home Depot Inc.

IHS Markit

Home Depot Inc

NYSE:HD

Score: Positive (94)

16 days at current score.

Upgraded from Neutral on September 4th 2018

View full report here!

Summary


  • This company ranked positively compared to the Consumer Services sector despite only 2 positive IHS Markit Categories
  • Perception of the company's creditworthiness is positive
  • Bearish sentiment is low
  • Economic output for the sector is expanding but at a slower rate


Bearish sentiment

Short interest | Positive

Short interest is extremely low for HD with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HD.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding HD are favorable, with net inflows of $6.58 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. HD credit default swap spreads are within the middle of their range for the last three years.

Please send all inquiries related to the report to score@ihsmarkit.com.

Charts and report PDFs will only be available for 30 days after publishing.

This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.