Why Home Depot Stock Is Jumping Today
Home Depot (NYSE: HD) stock is rising Tuesday following the company's recent earnings report. The home improvement retailer's share price was up 3.2% as of 12:15 p.m. ET and had been up as much as 5% earlier in the session. Meanwhile, the S 500 was down 0.4%, and the Nasdaq Composite had fallen 1.1%.
Home Depot reported its second-quarter results before the market opened this morning and actually delivered earnings that fell short of the market's expectations. Despite the bottom-line miss, management issued commentary and forward guidance that has investors feeling bullish coming out of the report.
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Source Fool.com
