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Is Home Depot Still a Bellwether Stock?

Video Credit: The Street - Duration: 01:22s - Published
Is Home Depot Still a Bellwether Stock?

Is Home Depot Still a Bellwether Stock?

Real Money Stock of the Day Home Depot posted modestly stronger-than-expected third-quarter earnings Tuesday but trimmed its full-year sales guidance as the world's biggest home improvement retailer said some of its investments won't pay off until 2020, reported TheStreet's Martin Baccardax.

Home Depot said earnings for the three months ending on November 3 came in at $2.53 per share, around a penny ahead of the Street consensus forecast.

Group revenues, Home Depot said, rose 3.4% from the same period last year to $27.2 billion, a figure that fell shy of analysts' forecasts of a $27.528 billion tally.

Same-store sales, too, missed estimates, rising 3.8% compared to consensus of 4.7%.

Jeff Marks, senior portfolio analyst with Action Alerts PLUS, is filling in for Jim Cramer over on TheStreet's Facebook Live show this week.

Marks weighs in on Home Depot's earnings and what they mean ahead of Lowe's LOW earnings Wednesday morning.

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