Home Depot (NYSE:HD) 36% premium to value may be tested again by developments in the housing market

The Home Depot, Inc. currently trades at a trailing price-to-earnings ratio 36% above that of Lowe’s Companies, Inc.. New housing data is making the justification for this premium less convincing.

Home Depot stock edges up as investors probe Flock Safety camera data; Wall Street lifts targets

Home Depot stock edges up as investors probe Flock Safety camera data; Wall Street lifts targets

Home Depot shares nudged higher on Friday after investors submitted a proposal urging the retailer to evaluate privacy risks linked to its use of Flock Safety license-plate reader cameras. The push comes as ICE arrests near certain stores have sparked concern. Zevin Asset Management is leading the effort, which is set to be voted on at the company’s annual meeting in May. A Home Depot spokesperson said the company does not give federal law enforcement access and noted: “We cannot legally interfere with federal enforcement agencies, including preventing them from coming into our stores and parking lots.”
Home Depot stock nudges higher after Morgan Stanley lifts target as housing signals loom

Home Depot stock nudges higher after Morgan Stanley lifts target as housing signals loom

Shares of Home Depot ticked up 0.5% to $377.75 midday Thursday after Morgan Stanley boosted its price target for the home-improvement giant. The firm raised its 12-month target to $412 from $395, maintaining an “Overweight” rating, indicating it expects HD to outperform its peers. Meanwhile, Lowe’s shares crept up 0.4%, and Sherwin-Williams saw little movement.

US Stock Market Today Updates

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NVIDIA

94/100
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Meta Platforms

89/100
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Alphabet

87/100
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Amazon

84/100
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Microsoft

80/100
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MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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