Home Depot, Inc. (The) (NYSE:HD) – Wall Street Weighs In On Home Depot’s Blowout Q2, BofA Upgrades Stock

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Home Depot Inc (NYSE: HD) was one of several major retailers to report blowout second-quarter earnings this week, sending the home improvement stock soaring.

Home Depot posted second-quarter EPS of $4.02 on $38.05 billion in revenue Tuesday. Both numbers topped consensus analyst estimates of $3.71 and $34.53 billion, respectively. Revenue was 23.4% higher year-over-year.

U.S. same-store sales rose 25%, and Home Depot’s average purchase amount was up 10.1%. It was the first quarter of double-digit same-store sales growth for Home Depot in more than seven years.

Several analysts weighed in on the stock following the impressive print. 

Long-Term Tailwinds For Home Depot: BofA Securities analyst Elizabeth Suzuki said it’s not too late to buy Home Depot shares to capitalize on the shelter-in-place environment.

“Although home improvement spending in the coming quarter may decelerate amidst sequentially declining government stimulus/unemployment benefits, we believe that the longer-term tailwinds for the home improvement industry

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Christina Anstead Reveals the One Thing All Bathrooms Need, Bad

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Christina Anstead of “Flip or Flop” fame knows that the right design can help people kick back and relax at home. And in the latest episode of her new show, “Christina on the Coast,” she encounters clients who clearly need more Zen in their life, since they argue about every design decision they have to make.

On the “Wellness Remodel” episode, Anstead helps health expert Cara and her husband, Chris, redo their bedroom and bathroom. While Anstead presents them with some incredible designs, the couple can’t agree on much.


Find out which parts of Anstead’s ideas impress her picky customers, and see if they might inspire you to try a few upgrades in your own

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