Home Depot (HD) Offering Possible 15.61% Return Over the Next 27 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $190.00 short put and a strike $180.00 long put offers a potential 15.61% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $190.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $8.65 would be incurred if the stock dropped below the $180.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Home Depot is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is at 53.01 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Home Depot

Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Thu, 16 Apr 2020 21:45:09 +0000
Home Depot (HD) closed at $199.73 in the latest trading session, marking a +0.63% move from the prior day.

Back To The Roots Announces Home Depot Partnership Amid Surge In Interest
Thu, 16 Apr 2020 19:47:58 +0000
Back to the Roots, an organic gardening company, announced Thursday a new partnership with Home Depot Inc (NYSE: HD) to sell its small-space at-home gardening kits. The company's organic, safe, and fun product allows consumers to grow food in their homes without getting their hands dirty in the garden.The 100% organic, non-GMO and USA grown item will sell at more than 100 Home Depot stores nationwide just in time for Earth Day on April 22.Back to Roots' small-space indoor grow kits are already available for purchase at Walmart Inc (NYSE: WMT) but the partnership with Home Depot will make it more accessible to an "entirely new generation."Why It's Important Back to the Roots highlighted Google Search Data which shows a 300% increase in interest for growing food at home."As a society, as we all slow down and spend more time at home, we're realizing how much joy and connection can come from gardening — connection to the land, to our food, and most importantly, to each other. We're overwhelmed with gratitude and excitement for this opportunity with The Home Depot to help inspire a new generation of organic gardeners", said Co-Founder Alejandro Velez.Back to the Roots hopes to "demystify gardening for our generation" by making it accessible to everyone as no backyard is needed, Co-Founder and Co-CEO Nikhil Arora also said in the press release.Related Links:Back To The Roots, Which Makes It Easy To Grow Your Own Food, Heads To Walmart ShelvesHow Food Sustainability Is An Unintended Victim Of Coronavirus PandemicSee more from Benzinga * Why The Pandemic Could Prove Amazon Is The 'Greatest Thing That Ever Happened To The American Consumer' * Why Johnson & Johnson Inspires Cramer's Bullishness On Disney, Visa, Mastercard * How Americans Are Spending Their Stimulus Money(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Coronavirus hurts corporate activism as M&A, buybacks decline
Thu, 16 Apr 2020 13:00:00 +0000
The year started on a strong note with firms like Third Point and Elliott Management committing billions to push for change at 42 companies in January and February. New campaigns last month were launched at the slowest pace since 2013 and corporate agitators put the smallest amount of money to work since 2016. “We saw COVID-19's impact on activism show up in March,” said Jim Rossman, who heads shareholder advisory at Lazard.

Dow Jones Today: Stocks Doomed By Dour Economic Data
Wed, 15 Apr 2020 20:43:43 +0000
One of the big themes emerging due to the novel coronavirus outbreak is the effect of the virus on economic data and how equity markets are reacting to that news. As Wednesday's market action suggests, poor economic data is likely to be met with ugly stock market response. * The S&P 500 dipped 2.20% * The Dow Jones Industrial Average fell 1.86% * The Nasdaq Composite declined 1.44% * With economic data taking center stage, it wasn't surprising that cyclical names endured harsh punishment today as Dow Chemical (NYSE:DOW) was the blue-chip index's biggest loser, sliding 8.92%.It's no mystery as to why Home Depot (NYSE:HD) and Nike (NYSE:NKE) were among the worst Dow offenders today. Earlier Wednesday, the Commerce Department said March retail sales fell 8.7%, the worst decline since 1992. Even Walmart (NYSE:WMT) wasn't spared by the retail carnage, posting a modest loss. The report deals an unsurprising but still severe blow to the thesis that consumer demand could prop up the U.S. economy.InvestorPlace – Stock Market News, Stock Advice & Trading TipsFurther pressuring Home Depot was an early look at April homebuilder sentiment, which looks extremely dour. The National Association of Home Builders/Wells Fargo Housing Market Index resides at its lowest levels in eight years. * 7 Bank Stocks to Watch as Earnings Season Heats Up The New York Fed's general business conditions index plunged a staggering 56.7 points to a negative (yes negative) reading of -78.2. As a result, each one of the Dow's industrial components with the exception of Boeing (NYSE:BA) traded lower today.In late trading, 25 of 30 Dow stocks were in the red. Healthy EarningsUnitedHealth (NYSE:UNH) was one of the Dow's lone bright spots today, trading higher after the managed care provider reported first-quarter earnings of $3.72, topping the consensus estimate of $3.65 a share. The company confirmed 2020 earnings per share (EPS) guidance of $16.25 and $16.55. Looks Like Good News Is ComingProcter and Gamble (NYSE:PG) was another Dow winner a day after the company said it's boosting its quarterly dividend by 6%. The company has one of the longest payout increase streaks in the U.S., but this increase was bigger than expected. Additionally, P&G said it will report earnings this Friday, moving its release date up from April 21.It's just speculation, but it wouldn't be surprising if this report is good and/or contains positive guidance. After all, if bad news was coming, P&G probably wouldn't be in a hurry to reveal it. Giddy for GoldmanGoldman Sachs (NYSE:GS) was another Dow winner today despite reporting a 46% drop in first-quarter earnings. Goldman said it earned $3.11 a share, well below the $3.35 per share analysts expected. Revenue checked in at $8.74 billion, topping the $7.92 billion estimate.Investors appeared to look over the glum broad results, opting to focus on robust bond trading revenue. The bank said it allocated $937 million for sour loans in the January through March period. Cheaper Isn't Always BetterIt can be argued that with many things, cheaper probably isn't ever better and that may explain the market's lack of enthusiasm today for Apple (NASDAQ:AAPL). The company said today it's rolling out a new iPhone SE that costs just $399, its cheapest model launch in two years.The new SE launch has some pros and cons. The primary drawback is that it won't feature 5G capabilities at a time when the world is transitioning to that wireless system. Conversely, some buyers like smaller phones, of which the SE is one, and it could serve as a springboard to entice users to eventually purchase pricier Apple products. Bottom Line on the Dow Jones TodayIf today's economic data wasn't bad enough, there's a strong chance it will get worse tomorrow with another look at weekly jobless claims. The consensus estimate for initial jobless claims last week is 5.46 million.If that number is accurate or is exceeded, that means when combined with the previous three weeks of unemployment claims, all of the jobs gained in the U.S. since the end of the 2008 global financial crisis will be wiped out.Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Dow Jones Today: Stocks Doomed By Dour Economic Data appeared first on InvestorPlace.

ToughBuilt Industries: Gathering Momentum After Positive Developments
Wed, 15 Apr 2020 16:29:33 +0000
A $22.7 million contact from Lowe’s and a good performance on the Amazon Storefront are strong catalysts Continue reading…

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