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Home Depot piggybacks off housing recovery

On August 24, 1992, The Home Depot had an awakening. It was the day Hurricane Andrew devastated South Florida and when we learned that we were not only a retail store, but also a part of the infrastructure of communities to assist citizens, first responders and relief organizations when disasters strike.

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The researchers raised their price target on Home Depot to $165 a share. The new price target implies that HD stock has an upside potential of roughly 13.6 percent based on the stock’s Feb. 22.

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For the Housing Market, A Home Depot Recovery. Is the nation’s biggest fixer-upper leading or following the housing market? Alex Klein reports on good earnings and omens in American real-estate.

Business prospects at home improvement retailer The Home Depot, Inc. (HD – Free Home Depot Stock Report) look bright.The company’s stock price is near an all-time high of around $120. The valuation is being driven by strong results, thanks largely to the ongoing housing market recovery in the United States.

Contents Home price index years. earnings growth 5.04 million sales pace ( Prices cut increased FHFA: Home prices increase again, rise 1.3% S&P case-shiller home prices jump most since 2006 Firm claims 75% of mortgage assignments invalid in Mass. county Law firm of Butler and Hosch, P.A closes its doors overnight with a memo toRead More

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A nascent recovery in the housing market helped Home Depot report higher quarterly sales and earnings on Tuesday, prompting the world’s largest home improvement chain to boost its sales outlook.

The Home Depot Foundation is a long-standing partner of the American Red Cross and its nationwide network of chapters. Through the Annual Disaster Giving Program, The Home Depot supports communities with disaster preparedness, immediate relief, as well as recovery. www.redcross.org

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Home Depot Inc posted better-than-expected earnings on Tuesday, helped by a nascent recovery in the U.S. housing market and rebuilding efforts in the wake of Hurricane Sandy.

Home Depot is a key beneficiary of the housing recovery. The stock gained massively on high volume on Tuesday. Expect a modest pullback and look to build into a position to ride out the housing.

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