Trade-Ideas: Home Depot (HD) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Home Depot ( HD) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Home Depot as such a stock due to the following factors:

  • HD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $458.5 million.
  • HD has traded 97,259 shares today.
  • HD is trading at a new lifetime high.

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More details on HD:

The Home Depot, Inc. operates as a home improvement retailer. The stock currently has a dividend yield of 2.3%. HD has a PE ratio of 21.1. Currently there are 13 analysts that rate Home Depot a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Home Depot has been 6.0 million shares per day over the past 30 days. Home Depot has a market cap of $113.3 billion and is part of the services sector and retail industry. The stock has a beta of 0.84 and a short float of 0.9% with 2.96 days to cover. Shares are up 0.7% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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