Why Home Depot (HD) Stock Is Gaining Today

NEW YORK (TheStreet) -- Home Depot (HD) shares are up 0.5% to $84.13 on Monday after analysts at Credit Suisse (CS) said that investors should own the stock ahead of the company's second quarter earnings release Tuesday morning.

The firm believes that the company's earnings and same store sales growth will come in ahead of analysts expectations due to a strong spring home retail season.

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TheStreet has in depth coverage of Home Depot's performance this year here.

TheStreet Ratings team rates HOME DEPOT INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate HOME DEPOT INC (HD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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