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HD Forecast

Bearish <—> Bullish

80% Confidence

Bullish Case: Home Depot's significant call volume and historical returns suggest robust demand, aligning with a positive earnings forecast. Strong market positioning and past resilience amplify growth potential.

Bearish Case: Backwardation in volatility, combined with macroeconomic pressures and insider selling, signals potential downside. Continued legal issues and shrinkage concerns may erode investor confidence.

Potential Outcomes: Continued robust sales from DIY trends (60%).
Earnings misses due to cost pressures (25%).
Positive impact from strategic investments (15%).

Trading Oracle: Initiate a bullish debit spread by buying HD 420C and selling HD 425C, expiring in March 2025. This strategy leverages a probable price increase, capturing upside with limited risk due to positive sentiment and historical return trends. Timeframe: 1-2 months, targeting 75% chance of profit.

January 29, 2025

Home Depot Forecast

HD Home Depot

Price Forecast
Future Uncertainty

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Correlated Assets

Assets that tend to move strongly with HD

ZG Zillow (0.93)

QQQJ Invesco NASDAQ Next Gen 100 (0.92)

UDOW ProShares UltraPro Dow30 (0.92)

IWR BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap (0.91)

WH Wyndham Hotels & Resorts (0.9)

Uncorrelated Assets

Assets with little price relationship to HD

MNST Monster Beverage (0.0)

WPC W. P. Carey (0.0)

LAC Lithium Americas (-0.01)

LEN Lennar (-0.01)

PLTK Playtika (-0.02)

Anticorrelated Assets

Assets that tend to move strongly against HD

SHEL Shell Plc - ADR (Representing) (-0.78)

DVN Devon Energy (-0.78)

CLW Clearwater Paper (-0.79)

SPXS Direxion Daily S&P 500 Bear 3X Shares (-0.83)

DOG ProShares Short Dow30 (-0.89)

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* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.