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0.000172246600032965 -0.000208408869653121 -0.000255990803363831 -0.00106488367644671 8.32683839938777E-05 0.00157591364450013 0.00572505826407774 0.00388363742947172
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"The Pendulum Swung Too Far" - Wall Street Slashes Retailers' Profit Forecasts Despite Blockbuster Quarter [zero hedge]

HOME DEPOT (HD)  More Company Research Source: zero hedge
Last home depot earnings: 11/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
PDF Somewhere out there, a cadre of dedicated contrarians convinced they'd found the next great distressed play were thrilled when brick-and-mortar retailers from JC Penney to Macy's to the Home Depot posted Q2 earnings that soundly beat expectations, largely thanks to resurgent consumer spending, most of it with the help of a trusty credit card......which helped sooth anxieties tied to President Trump's embrace of protectionism.The pervasive optimism this inspired lifted the entire sector, cementing consumer discretionary as the second-best performer for the month of August (behind tech, of course). But unfortunately for traders hoping for some short-term gains, this bout of enthusiasm is already proving short-lived. Retailers have given back some of those gains already this month as the myriad long- and short-term risks facing the sector drifted back into view.And apparently, analysts at the big Wall Street banks foresee more pain in the immediate future. To wit, the Financial Times rep [Read more]

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