HD - The Home
Depot
Based on the 6-month
stock market chart, The Home Depot has been very successful regarding the
selling of stocks. Hurricane Sandy has made a huge impact towards the
successful The Home Depot stocks. Throughout October, the sales were relatively
low, and after the storm ended sales improved, but dropped again. it wasn't
until FEMA gave support to families, that The Home Depot sales sky rocketed.
After November, (December - January) The Home Depot hit the highest peek on the
stock market chart. During the beginning of 2012, The Home Depot stocks cost ($42.14) and yesterday its sales were ($70.24). That’s
a pretty large improvement compared to the beginning of 2012. Here’s a link,
bringing you to the 6-month chart showing the changes throughout September – February.
Based on conditions,
in today’s economy, there is a possibility that The Home Depot can still
improve and grow in profit, but this is unlikely, because the majority of
property lost from Hurricane Sandy, has been repaired or replaced. Many people
no longer rely on companies like Home Depot, to purchase materials needed for
construction projects. Based on this economic climate, I personally feel The
Home Depot will slowly begin to decrease in profit. I personally would sell my
stock if I had any, because it is at its peek, and relatively companies at
their peek, begin to drop.
Written By:
Pietro Dolcimascolo
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