It's time to move to the sidelines on Home Depot , according to Credit Suisse. Analyst Karen Short assumed coverage of Home Depot with a neutral rating, with a previous rating of outperform, saying the slowing housing market spells trouble for the home improvement retailer. "Our general view is that HD story offers a healthy balance of reasons to be positive longer term but cautious in the near term," Short wrote in a Monday note.
Therefore, further declines in the stock market and home prices could weigh on demand for home improvement projects," Short wrote. However, the story for Home Depot remains constructive over the long term, according to the note. The analyst said Home Depot and Lowe's together share 25% of the home improvement retail industry, meaning the two retailers are a little more insulated from pricing pressures in an inflationary environment.
Inflation and greed has more than doubled the prices of building materials. We know who to blame for that.
The CEO of home depot is a maga trumper supporter.
Musk is impressive ... he steps down as Twitter CEO in a way that even his enemies in the press have to cover. Just love him. At 51 years old, Musk is in his prime and has so much more left to give the world. Buckle up and be ready to be amazed.
Analysts at credit Suisse need to worry about their own stock/ company. let's explain this if people can't afford to buy new homes they're going to shop at home depot to remodel their old homes to stay a little bit longer so home depot's gonna continue to make profits 👍🥳🚀$$$
Credit Suisse? Lol. They still doing this. Unbelievable
Bullish