- February 17, 2010
- Dow Stocks, Featured
Low interest rates and improving consumer sentiment appear to be drawing customers back to the HD stores.
The improving employment situation appears to be making consumers more comfortable with investing in home improvement projects once again, particularly for do-it-yourself (DIY) projects. This bullish sentiment along with the increasingly positive signs that the housing markets may have bottomed are all incremental positives for Home Depot.
With Home Depot and Hewlett Packard both reporting earnings last week, we have now had all 30 of the Dow stock components report their first quarter results.
While top-line sales will still likely show double-digit declines, we expect to see the rate of decline improve from the 17% decline seen in the fourth quarter.
