Home Depot (HD) is down nearly 1.0% after posting a 30% drop in Q1 profits that missed expectations and guiding full-year earnings at the low end of prior forecasts. Shares of HD are 
trading around $38.90 which isn’t too bad considering the 52-week range is $32.85 to $42.01.
Now that the housing sector is slowing down, what good can come for Home Depot? Not much.
Home Depot’s CEO Frank Blake said: "While we expected a tough quarter, this was worse than we anticipated."
The big HD is turning into a Starbucks (SBUX), they are the Wal-Mart (WMT) of the home improvement sector. Every where there should be a Home Depot, there is one.
Here’s a wake-up call Home Depot – Your same-store sales fell 7.6%.
Investing in HD is as boring as investing in SBUX and all the other corporate giants that own half of America. If you are looking for a big return on your investment, HD is not your play. If you are looking to for a money market return of 2% to 5%, Home Depot is your guy.
But that means your money is safe in HD, right?
Sure, but with housing on the decline, how much better can sales get?
HD gets the 1-2-shabadon’t
Martket Comments From TheStockMasters
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