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Pay Attention: Inflation Headline Is Misleading, Home Depot Earnings Show Consumer Weakness

Benzinga ·  Aug 13 11:09

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Misleading Headline

Please click here for an enlarged chart ofHome Depot Inc(NYSE:HD).

Note the following:

  • This article is about the big picture, not an individual stock. The chart of HD stock is being used to illustrate the point.
  • Home Depot is an important stock because it is the largest home improvement retailer and its earnings give a glimpse into consumer sentiment. HD is also a component of the Dow Jones Industrial Average (DJIA).
  • The chart shows that HD pulled back 20% from its high in March...
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