Home Depot Faces Consumer and Housing Market Headwinds

2 months ago

Nor Melinda

"Also looking at Home Depot. We do see shares of Home Depot lower down by about 3.6%. That's ticker HD. but it was earlier down as much as 5%. That's the most and the lowest level since um April here. This is after the company cut its fullear earnings guidance. We really are seeing of course some data that does support the fact that the labor market is doing okay, but it does seem as though uh in this particular space when we think about home improvement. The consumer is pressured here. We're not seeing as many people buying those big ticket items that they were before at Home Depot. Tariff concerns still of course in focus and just generally uh we're seeing a housing market that still remains frozen."

The commentary on Home Depot (HD) indicates notable share declines following a cut in full-year earnings guidance. Despite some strength in the labor market data, consumer pressure and a stagnant housing market are weighing on demand for big-ticket home improvement items, contributing to bearish sentiment.

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