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9/23/2019 12:20 pm  #1


HOME DEPOT CHIEF SAYS HE SEES *** NO *** RECESSION.

https://finance.yahoo.com/news/home-depot-cfo-we-dont-see-a-recession-181749680.html


Home Depot doesn’t see the U.S. economy falling off a cliff soon — aka that ugly recession that is dominating the talk right now on Wall Street.

“We don’t see it,” longtime Home Depot Chief Financial Officer Carol Tomé told Yahoo Finance. Tomé, who is retiring soon after a very successful run at Home Depot that began in 1995, said consumers continue to shop for big ticket items and sales across U.S. geographies remain solid. If the U.S. was in a recession — or nearing one — Home Depot (HD) would unlikely be seeing these types of trends.

Moreover, Tomé noted that as weather conditions improved throughout the second quarter consumers returned. Same-store sales at U.S. stores accelerated as the quarter progressed.

“The consumer is healthy,” Tomé added.

Mr. Market seems to agree with Tomé’s appraisal.

Home Depot’s stock popped 5% on Tuesday despite a mixed second-quarter and cut to full-year sales guidance. U.S. same-store sales rose 3.1% in the quarter, slightly missing Wall Street analyst estimates. Earnings of $3.17 a share did blow by projections for $3.05 a share.



 

Last edited by Admin (9/23/2019 12:22 pm)


Looking to control the internet, one video at a time.
In a nice way, of course.

" Never let the enemy pick the battle site. - George S. Patton, Jr. "
 

9/23/2019 12:25 pm  #2


Re: HOME DEPOT CHIEF SAYS HE SEES *** NO *** RECESSION.


Looking to control the internet, one video at a time.
In a nice way, of course.

" Never let the enemy pick the battle site. - George S. Patton, Jr. "
     Thread Starter
 

9/23/2019 12:27 pm  #3


Re: HOME DEPOT CHIEF SAYS HE SEES *** NO *** RECESSION.


Looking to control the internet, one video at a time.
In a nice way, of course.

" Never let the enemy pick the battle site. - George S. Patton, Jr. "
     Thread Starter
 

9/23/2019 12:28 pm  #4


Re: HOME DEPOT CHIEF SAYS HE SEES *** NO *** RECESSION.

Decent economic data, supportive Federal ReserveThe Dow inched higher because of a reading of manufacturing from IHS Markit which showed U.S. activity this month at a five-month high, easing concerns about a recession. New York Fed President John Williams said that the central bank was working to calm some recent turmoil in overnight bank lending markets. Separately, St. Louis Federal Reserve President James Bullard said the central bank “may choose to provide additional accommodation going forward” to deal with any slowing in the economy. But a decline in key technology stocks like Netflix and Facebook weighed on the broader market.


Looking to control the internet, one video at a time.
In a nice way, of course.

" Never let the enemy pick the battle site. - George S. Patton, Jr. "
     Thread Starter
 

9/23/2019 12:33 pm  #5


Re: HOME DEPOT CHIEF SAYS HE SEES *** NO *** RECESSION.

Two conflicting forces are working to influence the market and the “bad set” happened to win out on Friday, CNBC’s said.China’s trade delegation decided to cut short its trip to Washington for trade talks with the United States. The major averages all finished the session down less than 1% as it seemed unlikely the country would resume buying goods from American farmers.Looking past parts of the economy implicated in the U.S.-China trade war, employment is strong and domestic companies without Chinese exposure continue to have a positive impact, Cramer said.In the week ahead, the “Mad Money” host advised viewers not to pay attention to Federal Reserve reactions and to realize that the strong domestic economy and internationally-oriented economy are both balancing “on a knife’s edge.”“That’s the right prism to use if you want to understand this market,” he said.

I used to watch Mad Money every day before my Ipad home button broke.
Not sure why he says economies are on a knife's edge.
I miss watching him.
He's not always right but he's fun to watch.
I have all his books.
I'm in a position where social security policies and the government keep me from investing more
Were it not for that I would be buying and selling stocks.


Here's what he meant.




 

Last edited by Admin (9/23/2019 12:41 pm)


Looking to control the internet, one video at a time.
In a nice way, of course.

" Never let the enemy pick the battle site. - George S. Patton, Jr. "
     Thread Starter
 

9/23/2019 12:33 pm  #6


Re: HOME DEPOT CHIEF SAYS HE SEES *** NO *** RECESSION.


Looking to control the internet, one video at a time.
In a nice way, of course.

" Never let the enemy pick the battle site. - George S. Patton, Jr. "
     Thread Starter
 

9/23/2019 2:14 pm  #7


Re: HOME DEPOT CHIEF SAYS HE SEES *** NO *** RECESSION.



 


Looking to control the internet, one video at a time.
In a nice way, of course.

" Never let the enemy pick the battle site. - George S. Patton, Jr. "
     Thread Starter
 

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