Home Depot (HD) shares rise despite earnings missing on the top and bottom lines, with same-store sales also falling short of expectations.
D.A. Davidson managing director and senior research analyst Michael Baker says investors are buying Home Depot today, not because of its current same-store sales growth, but on expectations that the sales will normalize to a pre-pandemic average level. The analyst also notes three themes seen in Home Depot earnings that investors can watch for in other retail results.
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