I thought I got a good price at $146 and this thing keeps falling....ouch. when does the bleeding stop?
Easily back to 150 this week. 155-160 pre-earnings.
Anyone thinking of jumping in...seems way oversold
Today it's taking down all the stop limit losses expect a bounce mid week keep buying at this price easy 5% at the end of the week
AMZN can deliver the appliance but who's going to install it? HD owns the building materials market w/ Lowes, and they can cut ties w/ contractors installing for AMZN and leave them out of their discounts and other bid oppties. AMZN can get leftovers, HD is a great buy at this level guys
Everyone, rush out to buy your new Kenmore from Amazon, haul it in from your front porch (good luck) and haul out your old one, and put it on the curb for the garbage pickup and then install. Give me a break!!! who will do that BOYCOTT AMAZON
sears gross sales in appliances is 500 mm. because the big A took over those sales HD and Lowe's have given up 10B in market value. Yes overdone seems to be an appropriate adjective.
Would one of you Home Depot shills PLEASE explain how free carpet installation works. Explain to me how the installers go and pick up the new carpet, drive fifty miles to the customer's house, remove the old carpet and pad, vacuum (highly doubtful, but possible,) install the new carpet and pad and go home without being paid a cent. These installers provide their own time, materials, tools, gasoline, travel, disposal, EVERYTHING for FREE. IT'S ALL FREE!! It's just a hobby for somebody to spend 20 hours a day helping Home Depot.
Is Amazon just in charge of the market now? Bezos farts in a direction and people chase the scent to see where it leads?
whooz yor daddy
The biggest boom to HD is its "pro desk" not appliance sales. This AMZN noise is getting old. Contractors want wood, shovels, sheetrock now not via mail order! Give me a break! HD earnings will soar! If you sell into this mania you're doing yourself a huge disservice!
No one buys big ticket appliances online. They want to look and feel prior to buying. Design, color, sizing, questions etc.
This is overblown and once they realize Market Makers are buying call options like there is no tomorrow.
People really think because amazon is going to be selling sears appliance that it's going to hurt Home Depot. Sears couldn't even sell their own appliance to survive! Lol
I have been sitting on HD for years. Nice steady growth. Can there be a better time to buy more on a drop like today a few weeks before earnings?
just purchased a pile on the dip. good luck to us!
Are appliances even that big a part of HD sales?
I get it, amazon enters a market, everyone in that market gets killed on the day of announcement. Keep in mind, amazon is not entering the market. They're just selling sear's appliances. Sears is still dying. Lets not forget, HD is the premier company with tons of experience, a stellar management team and a fortress balance sheet. They are not going to lay down and watch amazon walk on them. Today was a complete overreaction. More market cap was taken off the stock than the value of their appliance business in total. I upped my position by 33%. Sears is not striking a comeback, even if they're selling through amazon. In the end, sears is still dead. This deal means very little to HD's overall business and profitability. Stock will be much higher by earnings report in my opinion.
It does seem like Cramer is trying to talk down HD after years of being bullish.
I noticed that the STREET.COM puts out a negative article every hour on Home Depot. This is Jim Cramer's company who buy the was has a BUY rating on the stock. All his commentary on CNBC is negative and it seems like he is trying to take down the home builders and specifically HD not LOWE's? Am I missing something here but it seems like he wants it to go down so he can get in on the cheap?
If HD stays down here on just a stupid Amazon - Kenmore relationship which has no effect on HD revenues? Then its time to sell everything and get out of the market. This is irrational trading at this point.
whooz yor daddy
HD also has a very good online presence. Will deliver to the nearest store with no shipping charge or deliver to your home. Amazon is not going to waive shipping cost on large items or it will be built into the cost