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Actionable news in HD: HOME DEPOT Inc,

Buy Home Depot before earnings due to booming housing sales: Jefferies

Home improvement sales may be one of the few bright spots for Home Depot.

Daniel Binder, an analyst at Jefferies, predicts the retailer will beat expectations next week due to strong housing sales that are boosting demand for products used in home improvement projects.

"Home improvement spending still remains healthier than most areas in retail," Binder wrote in a note to clients Thursday. "Our field checks for HD showed a strong Q2 and we expect relative comp sales outperformance. … We believe seasonal, core building...


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