It’s potentially a busy week for retailers. Home improvement retailer Home Depot (HD) kicks off earnings season for retailers tomorrow, US Retail Sales for October are due on Wednesday and Walmart (WMT) reports results on Thursday.
Home Depot has been swinging back and forth between the red and yellow zones of the SIA S&P 100 Index Report for nearly two years, since exiting the green zone in January of 2022. Heading into these results, Home Depot’s relative strength has been weakening with the shares drifting down the rankings from the yellow zone back down into the Red Unfavored Zone. On Friday, HD finished in 63rd place, down 13 spots in the last month.