HD Home Depot Earnings Report Exceeds Expectations 2-25-20
Welcome back to Smart Money Alerts for Tuesday February 25, 2020...
Today we're in damage control again. Stock futures held yesterday's low, rallied then gave it back. The Dow Jones had the 3rd largest point drop in history on Monday.
But damage control needs to be put in context.
Yes the plunge was viscous and lacked the expected bull market rally but there is two positives.
Number one is the mass of retail traders got a wake up call. It's time to realize the stock market can go down. The amount of traders I have spoken to who believe "stocks always go up," is staggering.
I traded through the financial crisis, smart people froze and watched their assets evaporate. Many got out at the bottom.
I'm not saying the corona virus selling is equal to that carnage but we should learn from recent history and have a plan in place. Reacting after the fact is a recipe for disaster.
Positive number two is we are getting separation from potential entries to potential profit targets. Reward for accepted risk is expanding. So we should begin looking for new entries as buyers.
But.
I'm not convinced the selling is done yet. I want to see a rally this morning that makes a higher lower. I want to see a market (and stocks) that close near the highs.
I'll start building a position if that price action unfolds, but I won't be all in. Yet.
Working orders is a key to this type of volatility. No reason to dive into the deep end the first sign of a rally. Be smart.
In today's episode of Stocks for Breakfast I discuss 3 methods for finding stocks to trade. I explain each and demonstrate which method I use every day and why.
If you have any questions feel free to leave a comment below the video on YouTube or send me an email: [email protected]
Have a great day!
Pete
PS: Be sure to subscribe to our YouTube channel to get updates for new videos.
Why Everyone is Getting Rich Right Now – And You’re Not
Hundreds of thousands of Americans have been hit by a wave of wealth. Over the past year, the U.S. has minted an average of 1,800 new millionaires a day.
How did they do it? For the first time in history, two of these millionaire investors have joined forces to help you learn the secret moneymaking strategy of the wealthy and connected.
HD Home Depot Stock Chart Before Earnings 2.25.20
Home Depot Earnings Unexpectedly Rise; Dow Giant Rises Early
Home improvement giant Home Depot (HD) reported better-than-expected fourth-quarter earnings and same-store sales early Tuesday. Home Depot stock rose before the open.
Results: Home Depot earnings rose slightly to $2.28 a share. Revenue fell 2.7% to $25.78 billion. Same-store sales rose 5.2%. with U.S. comps up 5.3%. Home Depot also hiked its dividend by 10%
Read More | investors.com/hd-earnings
U.S. stock futures rally all but evaporates as markets try to find a floor after rout
Stocks on Wall Street plunged Monday, and U.S. stock futures failed to hold onto early gains on Tuesday. A pause or bounce-back would not be unusual. The past 10 times that the S&P 500 index fell by as much as 3%, for example, it declined just 0.27%, on average, in the next trading session, according to Dow Jones Market Data.
Read More | marketwatch.com/stock-futures
