Home Depot (HD, $158.80) shortens store hours on COVID-19 threat
Home Depot said it would be shortening its operating hours amid the coronavirus outbreak.
The home improvement retail chain will close stores daily at 6 p.m. ,starting Thursday, March 19. Opening hours would remain unchanged.
According to the company, the adjusted hours will allow the staff more time to restock, and also do the necessary cleaning to combat the coronavirus risks.
From this week, Home Depot will offer all hourly full-time workers an additional 80 hours of paid sick or personal time. Part-time hourly workers will receive an additional 40 hours of paid sick or personal leave. If an employee contracts Covid-19 or is advised to self-quarantine due to exposure, the employee will continue to be paid during time off.
"Our customers rely on us for urgent repairs, products, and materials, and we've always been committed to serving them during times of crisis and natural disaster," said Craig Menear, chairman, president and chief executive, in a statement.
HD in upward trend: price rose above 50-day moving average on November 14, 2023
HD moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 37 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on HD as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HD just turned positive on October 31, 2023. Looking at past instances where HD's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for HD crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HD advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 347 cases where HD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for HD moved below the 200-day moving average on November 10, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
HD broke above its upper Bollinger Band on November 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: HD's P/B Ratio (218.081) is very high in comparison to the industry average of (7.445). P/E Ratio (20.086) is within average values for comparable stocks, (25.368). Projected Growth (PEG Ratio) (1.920) is also within normal values, averaging (2.548). Dividend Yield (0.026) settles around the average of (0.036) among similar stocks. P/S Ratio (2.054) is also within normal values, averaging (85.988).
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a retailer of assortment of building materials and home improvement products
Industry SpecialtyStores
HD and
Correlation & Price change
A.I.dvisor indicates that over the last year, HD has been closely correlated with LOW. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if HD jumps, then LOW could also see price increases.