Ewpple Analysis | Home Depot Inc (HD)

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Home Depot Inc (HD)

Conclusion

• HD is fundamentally strong and technically weak.
• This stock is for investors seeking dividend & capital gain using the buy and holds strategy.
• However, short term trader should never underestimate the strength of the downtrend due to the double top pattern & stochastic in the overbought zone.
• I still like HD for 1) Dividend growth & payout ratio of 50%, 2) Growth in online sales, 3) Benefit from WFH trend, and 4) Higher forecasted full-year EPS of USD 11.4 for 17 Nov result.

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Home Depot Inc (HD) Conclusion HD is fundamentally strong and technically weak. This stock is for investors seeking dividend & capital gain using the buy and holds strategy. However, short term trader should never underestimate the strength of the downtrend due to the double top pattern & stochastic in the overbought zone. I still like HD for 1) Dividend growth & payout ratio of 50%, 2) Growth in online sales, 3) Benefit from WFH trend, and 4) Higher forecasted full-year EPS of USD 11.4 for 17 Nov result. Follow @ewppleinvest You can still make money from the stock market without knowing when or what stock to buy. Want to know how? Please comment to contact me. The recommendation does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. For the disclaimer statement, please refer to Facebook Page @ewppleinvest .

A post shared by Ewpple | Invest & Wealth 投资理财 (@ewppleinvest) on Nov 2, 2020 at 5:24am PST