In what is quickly becoming the season of Orange wins, shares of Home Depot are up moderately in pre-market trading (basically recouping yesterday’s sell-off) as the retail giant posted earnings of $1.60/share on sales of $23.2 billion, topping analysts’ expectations of $1.58 / $23.05 billion. The lads at Home Depot also reaffirmed their full-year guidance and upped their 2016 earnings forecast. Same store sales were up 5.5% year/year (4.4% est.), and comparable sales were up 5.9%.
From a seasonality perspective, found inside of Exodus, Home Depot has been up an average of 6.1% in November, 80% of the time (using 35 months of data). Of note, HD is already up 6.16% month-to-date. December’s stats are less reliable, with an average return of 5.63%, just 67% of the time, and January is consistently flat.
That said, don’t forget to factor in all the latent testosterone President Trump will unlock inside men across America. Decks will be stained, drywall will be patched, carpets will be torn up, beards will get paint on them as hipsters take on all the projects daddy Trump inspire them to complete. Craft beer sales will skyrocket. All of this extra manly productivity will lead to a huge increase in the birth rate, and the future of America will be safe.
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The utter exponentialness of the Trump phenomena is mind boggling.
Lol
The birth rate at the end of the equation … lol
The ripples in the pond travel far and wide.
That last paragraph is awesome!