Monday, October 12, 2015

Home Depot Earnings Signal a Strong Housing Market

In an earnings season marked by talk of slowing U.S. growth, Home Depot's (NYSE second quarter served notice that the housing market remains in good health. The market would have been excused for some apprehension ahead of the earnings report. After all, painting company Sherwin-Williams, which works in an industry closely allied with spending on housing, was forced to reduce its full-year guidance amid talk of "unprecedented rainfall" that reduced end-demand growth in the United States. However, Home Depot raised full-year guidance, and the market promptly took the stock to an all-time high. Let's take a closer look at the earnings


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