Two stocks to watch: Week 7, 2024


Exness Representative
Two retail giants are dominating in week 7. Let's see why Home Depot and Walmart stocks are on traders' watchlists.

Home Depot, Inc.​

Home Depot, Inc. (HD) share price has seen spectacular steady growth in the latest quarter, managing to rise by around 25%. The company's earnings report for the fiscal quarter ending January 2024 is expected to be released on Tuesday, 20 February, before the market opens. The consensus EPS is $2.73 (USD) against $3.30 for the same quarter last year.

The company recovered from the losses incurred in the previous quarter and is not showing any signs of slowing down, at least for now. The price-to-earnings ratio (P/E ratio) increased from 18.14 on 31 October 2023 to 23.44 today, indicating that shareholders are anticipating higher economic growth for the company. In addition, the current ratio of the company is at 130%, meaning that it can withstand any short-term turmoil with the current assets at hand, making it an attractive addition to investors' portfolios.

Follow this link for more: