HD reports strong Q3 FY21 results
O’Neil Methodology
• Although the company reported beat Q3 FY21 results, the stock
declined 2.5% yesterday as management announced a $1B
recurring annual investment in permanent compensation for
frontline, hourly workers, which will affect the bottom-line. Next
support is at the low of the base at $262, 3.7% away.
• Strong fundamental ratings: EPS Rank 96, Composite Rating 70,
five-year EPS Stability Factor of 5. Home Depot’s strategic pivot
toward an omnichannel model, its strong economies of scale, and