Hello,
I bought 15 shares in HD at $350 right before ER. I expected that they would beat and they did and they also increased dividend but the stock crashed almost 9% after ER. I am considered averaging down next week when price goes below $310.
Current P/E is 20 which is below average for the past 5 years. I still see good growth in HD for 2022, especially with high housing demand. TA is bad, price is below 50 and 200 MA which is very bearish, but it bounced back from ~305 support level.
What is your bull and bear case for Home Depot?
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