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Bullish Case: Home Depot's strategic expansions, investment in skill training, and solid digital sales demonstrate strong growth potential despite macroeconomic headwinds.


Bearish Case: Ongoing litigation risks, recent data breach concerns and a strained housing market could continue to bear down on Home Depot's stock.


Potential Outcomes: Probability of bullish market adaption due to strategic expansions (30%); bearish outcome from litigation and data breaches impacting trust and sales (40%); status quo with minimal impact on stock (30%).


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April 16, 2024


Home Depot Forecast

HD        Home Depot
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with HD



DGRO Forecast + Options Trading Strategies   [DGRO]  iShares Core Dividend Growth (0.97)


BLDR Forecast + Options Trading Strategies   [BLDR]  Builders Firstsource (0.96)


ELF Forecast + Options Trading Strategies   [ELF]  e.l.f. Beauty (0.96)


XLI Forecast + Options Trading Strategies   [XLI]  Industrial Select Sector SPDR (0.96)


VIG Forecast + Options Trading Strategies   [VIG]  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (0.96)



Uncorrelated Stock Forecasts

Assets with little price relationship to HD



BKR Forecast + Options Trading Strategies   [BKR]  Baker Hughes (0.0)


SABR Forecast + Options Trading Strategies   [SABR]  Sabre (-0.0)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.0)


NVO Forecast + Options Trading Strategies   [NVO]  Novo Nordisk (-0.01)


SIGA Forecast + Options Trading Strategies   [SIGA]  SIGA (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HD



SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.94)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.95)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.95)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.96)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.96)





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