Home Depot (HD - Get Report) is Real Money's Stock of the Day. As we head into the teeth of the earnings season for retailer stocks, this is a timely stock for a host of reason. We are looking at the strength of the U.S. consumer in a level we haven't seen in a number of years. Job creation showed 250,000 entered into the workforce. We have seen the strongest wage gains in a decade. Couple that with the fact that the U.S. dollar is extremely strong and an economy that is tooling along at a 3% clip, and you're looking at a consumer who has more in it's pocket in a number of years. This could translate into some positive gains for retailers. Listen the full podcast below.
For more on Real Money's Stock of the Day Read:
- It Doesn't Look Like Home Depot's Struggles are Over
- Home Depot Seems to Be Trading More In Line With the Struggling Housing Market
- Housing Market Weakness Causes Concern for Home Depot
Other stocks to watch this week:
- Home Depot HD Tilray, Survey Money, Tyson Foods
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