Home Depot’s Results Show Consumer Is Healthy but ‘Picky’ About Spending
Tuesday's blowout first quarter results from Home Depot confirms the consumer is in 'good shape.'
After last week's bloodbath in retail stocks like Macy's (M) - Get Report and Kohl's (KSS) - Get Report , Tuesday's blowout first quarter results from Home Depot (HD) - Get Report confirmed the consumer is in good shape, but selective about where they spend their money. 'I think [Home Depot's quarter] shows the consumer is relatively healthy - they're just being picky about how and where they spend,' said Craig Erlam, a market analyst with Oanda, based in London. Home Depot's first quarter results beat estimates on both the top and bottom lines. TheStreet's Scott Gamm reports from Wall Street.
