Home depot stock price today traders are watching whether the 50-day

Traders are watching whether the 50-day moving average near $370 remains intact to preserve bullish sentiment. Through decades of ups-and-downs, bourbon production at Buffalo Trace Distillery has been connected to the Kentucky River. Five months after its latest flood, production is back to normal, and few visible reminders exist of the mud-caked, debris-strewn mess. We assign Home Depot a wide economic moat. As the largest global home improvement retailer, Home Depot possesses a competitive edge owing to its brand intangible asset and cost advantage, in our view. Over the past 10 years, Home Depot’s sales growth has outpaced the building materials and garden equipment and supplies dealer industry’s average growth of 5.4% by 150 basis points annually (based on the US Census Bureau data), an indication of the brand’s ongoing relevance. We expect Home Depot’s strong brand equity and extensive scale should enable incremental market share gains in a highly fragmented $1 trillion North American home improvement market, on top of the roughly 17% market share it has amassed thus far (given more than $159 billion in sales in 2024). Traders note Home Depot stock price today at $369.13 is trading slightly above VWAP, a metric often used by institutions to gauge value during the day’s sessions. Retail macro sentiment remains neutral.