Historical price action in the Home Depot stock forecast shows strong recovery patterns following minor pullbacks, a trait that appeals to swing traders targeting 4%–6% upside. Home Depot sees macroeconomic conditions holding steady, though the reversal to positive comparable-sales growth is a sign that the worst of the headwinds from the housing slowdown are behind it now. The company is still seeing sluggish demand for larger projects but noted a modest increase in cash-out refinances and draws on home equity lines of credit (HELOCs), a good sign for increased spending on home improvement. Americans are sitting on record levels of home equity and likely to tap that eventually, though it may require interest rates to come down. Got a confidential news tip? We want to hear from you.
