Home Depot (HD) Offering Possible 20.63% Return Over the Next 30 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $210.00 short put and a strike $200.00 long put offers a potential 20.63% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $1.71 would be kept by the premium seller. The risk of $8.29 would be incurred if the stock dropped below the $200.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Home Depot is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Home Depot is bearish.

The RSI indicator is at 44.56 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Home Depot

FOX Sports networks announce contract extension with Atlanta United
Mon, 16 Dec 2019 03:58:42 +0000
The FOX Sports broadcast team — Kevin Egan, Dan Gargan and Jillian Sakovits — will return for the 2020 season.

‘Great Recession’ a decade ago is one reason your Christmas tree will cost more this year
Sat, 14 Dec 2019 14:20:00 +0000
A tight supply will raise Christmas tree prices above last year’s $78 average, but everyone should still be able to find one

A Vote for Peloton Interactive Stock
Sat, 14 Dec 2019 01:30:00 +0000
Wall Street analysts’ views on Peloton Interactive, Home Depot, Starbucks, Jack in the Box, and Navient

Leading US Indexes Close Higher Friday and for the Week of Dec. 13
Fri, 13 Dec 2019 22:26:47 +0000
S&P; 500 up 26.25% for the year Continue reading…

Dow Jones Today: A Trade-Induced Hangover
Fri, 13 Dec 2019 21:29:34 +0000
Stocks surged Thursday on the back of movement on Phase I of a trade deal between the U.S. and China, but the party may have been a little too raucous because there was some hangover today as equities barely budged.Source: Provided by Finviz * The S&P 500 added just 0.01% * The Dow Jones Industrial Average eked out a gain of 0.01% * The Nasdaq Composite advanced 0.20% * For the second time this week and again on light news, American Express (NYSE:AXP) was in the spotlight, leading the Dow on what appears to be a technical breakoutSo here's where we're at with trade: Phase I appears to be a go and the tariffs that the U.S. was set to impose on Chinese imports on Sunday will be averted, explaining why Apple (NASDAQ:AAPL) ascended to a record high today.Explaining why Thursday's ebullience waned today, the White House is leaving in place some of the tariffs it previously levied on Chinese goods.InvestorPlace – Stock Market News, Stock Advice & Trading Tips"We have agreed to a very large Phase One Deal with China," said President Trump on Twitter. "They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder."In speaking with the press today, Trump mentioned desire on China's part to get to work on Phase II of a trade package, but investors should not expect much action on that front over the near-term. * The 10 Worst Dividend Stocks of the Decade With just 13 of the 30 members higher in late trading, the Dow was likely reflecting expectations that Phase I is as good as gets for the time being. Fighting Off DataThe Commerce Depart said today that U.S. retail sales rose 0.2% last month, well below the 0.5% increase economists were expecting, a scenario almost universally blamed on Thanksgiving arriving a week later than usual. Taking some of the sting off that result was the October number being revised up to growth of 0.4%."The data suggest a slowdown in business investment and weakness in manufacturing is weighing more broadly on Americans' willingness to spend, which could mean a soft holiday-shopping season despite a relatively strong labor market, improved wage gains and record stock prices," according to Bloomberg.That's a somewhat gloomy take, the accuracy of which is challenged by the fact that on a day in which a weaker-than-expected retail sales number was revealed, Home Depot (NYSE:HD), McDonald's (NYSE:MCD) and Walmart (NYSE:WMT), Dow stocks with significant exposure to consumer spending, all traded higher. Speaking of the Consumer…Nike (NYSE:NKE) was another one of the Dow's consumer discretionary names trading modestly higher today. Nike is a name to watch over the next several days because the athletic apparel giant reports fiscal second-quarter results on Dec. 19.Wall Street is expecting year-over-year earnings per share growth of 10.5% on sales growth of 7.5%. Investors appear to be betting on a solid report from Nike because the stock is up more than 9% just this month. Gaming UpdateMicrosoft (NASDAQ:MSFT) added nearly 1% today after the company revealed plans for the Xbox Series X, the next generation of its popular video game console. As I've recently noted, 2020 is setting up to be a big year on the hardware upgrade front in the video game industry where Microsoft is one of the dominant players.Microsoft "said it will run 4K graphics at 60 frames per second, though the system has the capabilities to hit up to 120 FPS, with support for Variable Refresh Rate and 8K capability," reports Barron's.Both the Xbox Series X and the rival PlayStation 5 will be available during the 2020 holiday shopping season. Financial FunAs noted above American Express was a Dow leader today, but the same can't be said of fellow Dow financial components JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS). * 7 ETFs That Investors Charged Into This Year However, it's worth noting that the broader financial services sector is breaking out to multi-year highs and that the group remains attractively valued. More upside could be in store next year. Bottom Line on the Dow Jones TodayAlthough Nike reports next week, there's some time between now and the true start of fourth-quarter earnings season, but there are some data points for investors to mull in that regard."The estimated (year-over-year) earnings growth rate for CY 2019 is 0.3%, which is below the 10-year average (annual) earnings growth rate of 9.1%," notes FactSet. "If 0.3% is the actual growth rate for the year, it will mark the lowest annual growth rate for the index since CY 2015 (-0.6%). Six sectors are projected to report year-over-year growth in earnings, led by the Utilities and Health Care sectors."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post Dow Jones Today: A Trade-Induced Hangover appeared first on InvestorPlace.

Be Sociable, Share!

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.