Better

United

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Home Depot Inc. (NYSE: HD) will be posting the quarterly earnings on August 15th, 2023.&nbsp;</a> </li> 
 <li> <span>2</span> <a>HD stock is in an uptrend and gained about 15% in the last three months.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>The COVID-19 pandemic is still recalled as the reason behind the slow growth of companies and even economies around the world. Many industries got affected and the entities in the sector faced the repercussions. American home improvement retailer Home Depot Inc. (NYSE: HD) is among the distressed companies, but now showing signs of getting better. Home Depot’s stock price is also rebounding and affirming the improvement.&nbsp;</p> 
<p>HD stock price is among the stocks that were doing fine before the pandemic. The lockdowns and then the slowdown in the macroeconomy worldwide kept the company crawling through and so did the stock price. With the economic situation getting better, the demand in the housing sector is showing growth.&nbsp;</p> 
<p>Home Depot is positioned to benefit from the rejuvenation of the sector and rising housing prices in the United States despite the Fed interest rates.&nbsp;</p> 
<p>With analysts expecting the decline in interest rates down the line, the sector is likely to witness a positive push.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-home-depot-could-expect-better-earnings-strong"><strong>Home Depot Could Expect Better Earnings</strong></h2> 
<p>The housing sector is getting back on track slowly given several factors, but it could take till 2024. The housing sector is facing a shortage in the United States. It could need about four million new homes to meet the demand. In the process of reaching the expected goal, Home Depot <a href="https://www.thecoinrepublic.com/2023/07/26/home-depot-stock-in-position-to-leverage-healthy-housing-sector/" target="_blank" rel="noopener noreferrer nofollow">has its opportunities</a> intact being a leading homebuilder.&nbsp;</p> 
<p>The firm will be posting the quarterly earnings results on August 15th, 2023. Though the company is constantly lagging behind in terms of revenue, the gross profit and net income perform better than the estimates. Home Depot is expected to report $42.26 Billion in revenue with the earnings per share (EPS) being at $4.4.&nbsp;</p> 
<p>Recently Citigroup adjusted the price target for Home Depot stock from $327 to $375 while maintaining a “buy” rating.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-home-depot-stock-price-movement-strong"><strong>Home Depot Stock Price Movement</strong></h2> 
<p>As it is evident from the data, Home Depot stock price is in an uptrend for the past several months affirming the rebound. At the time, HD stock price is trading at $329.85 following a slight uptick of 0.4% in the last intraday trading session on Thursday, August 3rd. The stock increased nearly 15% in the last 3 months.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/JFycOr7F42dlck2-zeLjsNi3vX_TAK2V0xsaYUQBPwi8xyCkKfjOwmTrwYqdsdwG777MkZUGDsRsauXkjTi2fAfHgtPOANFRat3aTmOkp9c9rej528cWMc4lP6IbwziTggbk59FTBqdf-EKuf7_Yfw" alt="Home Depot Stock Price: Will HD Stock Rebound From 52-Week High?"> 
  <figcaption class="wp-element-caption">
    Source – Home Depot Inc (NYSE: HD) Stock Price Movement on <a href="https://www.tradingview.com/x/nxP6qo8R/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Home Depot stock is sustaining over the 50-day and 200-day moving averages with the gap between them getting wider following a recent golden crossover.&nbsp;</p> 
<p>The MACD curve is soaring high, confirming the bullish trend in stock price movement. The RSI at 68 suggests the Home Depot stock could enter the overbought zone in the upcoming term.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Home Depot Stock Price: Will HD Stock Rebound From 52-Week High?

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