Home Depot reported better than expected EPS, sales, and comp store sales, but had a small margin shortfall. The stock has reacted poorly to the results, but we remain bullish on the outlook. HD shares are unchanged since last summer even as quarterly earnings have consistently grown at 20%. This has led to a material […]
Home Depot (HD) shares are unchanged since August including a pullback of about 5% since reporting 3Q21 earnings in November. Not much has really changed over this time frame. The stock is just consolidating the huge move off the March COVID-driven low. With the shares up from Northlake’s initial purchase at $190 to almost $300 […]
Home Depot (HD) shares are unchanged since August including a pullback of about 5% since reporting 3Q21 earnings in November. Not much has really changed over this time frame. The stock is just consolidating the huge move off the March COVID-driven low. With the shares up from Northlake’s initial purchase at $190 to almost $300 […]
There are no changes to Northlake’s favored themes for December. We remain neutral on growth versus value and continue to favor mid caps. As a result, current client positions following the models in the Russell 1000 Growth (IWF), the Russell 1000 Value (IWD), and the S&P 400 Mid Cap (MDY) will be held for at […]
Home Depot shares are up about 50% since Northlake purchased them for clients in March. This is far beyond what we expected at the time. This also explains why the stock has sold off about -4% since reporting fantastic 2Q20 earnings. We have often discussed how in the short term stocks trade based on expectations. […]
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