Home Depot piggybacks off housing recovery

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Business prospects at home improvement retailer The Home Depot, Inc. (HD – Free Home Depot Stock Report) look bright.The company’s stock price is near an all-time high of around $120. The valuation is being driven by strong results, thanks largely to the ongoing housing market recovery in the United States.

 · Home Price Appreciation And New House Sales Surge To Aid Growth. Improvements in the U.S. economy post the recession translated into recovery in the housing market as well.

Home Keywords Brian Nagel. Items Tagged with ‘Brian Nagel’ RSS. ARTICLES. Home Depot piggybacks off housing recovery. Second-quarter profit beats estimates. August 20, 2013.