Thinking of trading HOME DEPOT?
- 1. Recently, they did have strong earnings. According to the latest quarterly report, the chain has had a 3. 2% increase in same-store sales globally, and 3. 7% in the US. 2. Home Depot has a network of stand-alone stores that customers visit often. It has a digital ecosystem around that which positions them to remain a strong player with more room to grow, especially if other retail chains falter. 3. Specifically, a healthy housing industry and continued market share gains should allow comps to rise by about 5% for the second straight year as financial metrics like operating margin and return on invested capital continue to far outpace rivals inside and outside of the industry.
Trading CFDs involves significant risk of loss
How would you like to trade HOME DEPOT?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade HOME DEPOT with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. Home Depot isn't a stranger to controversy, and it has reflected on their stock prices over the years, with each controversy, there was a price drop in their stock. 2. Lumber prices have collapsed in the past year, which pressured sales to the tune of $200 million. If not for these two trends, comps would have landed at around 4.5% in the U.S. rather than the 3% rate the retailer actually reported. The drop on same-store sales growth was blamed on two things: bad weather and lumber price depreciation. There are two takeaways from these reasons, one, the company is far too dependant on the material, or its business model lacks diversity. This is something investors should have in mind.
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