Sep. 1 at 3:01 PM
$HD September is historically the worst month for the Stock Market. However,
$HD hit it's 52 week high for the past year last mid-September. So what has changed in one year?
Oil:
$88 per barrel vs
$63
30 year mortgage rate: 6.76 vs 6.56%
Inflation rate: 3.4 vs 2.7%
Think current share price is relatively attractive but further weakness is possible especially with recent talk of raising Interest Rates.
Almost all Macro Economic Numbers do Not support an improvement in consumer or commercial spending for HD or to currently justify significant Share Price appreciation from current range. IMO