Welcome to our dedicated page for Home Depot news (Ticker: $HD), a resource for investors and traders seeking the latest updates and insights on Home Depot stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Home Depot's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Home Depot's position in the market.
Rhea-AI Summary
The Home Depot acquires SRS Distribution Inc., a residential specialty trade distributor, to enhance growth with professional customers and expand market presence. The acquisition is valued at approximately $18.25 billion and is expected to be completed by the end of fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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Rhea-AI Summary
The Home Depot Foundation grants $1 million to Team Rubicon to establish a new trades training program, TRades Academy, to address the skilled labor gap in communities impacted by natural disasters. The program aims to train skilled tradespeople in carpentry, electrical, plumbing, and HVAC to support long-term recovery efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
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News
Rhea-AI Summary
The Home Depot emphasizes sustainable forestry and biodiversity in their supply chain, promoting responsible gardening products and supporting local growers. They offer organic gardening solutions, including soil, plants, fertilizers, and maintenance products. The company partners with over 135 growers to provide environmentally friendly plants that support local ecosystems. The Home Depot is dedicated to its ESG pillars, focusing on people, sustainability, and community engagement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Rhea-AI Summary
The Home Depot is expanding its pro ecosystem by opening four new distribution centers in Detroit, southern Los Angeles, San Antonio, and Toronto in 2024. These centers will stock large merchandise to better serve pro customers and reduce congestion in stores. The company is also enhancing its pro offerings with localized product assortment, digital tools, trade credit, tiered pricing, and the recent acquisition of Construction Resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
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Rhea-AI Summary
The Home Depot to Present at the 10th Annual J.P. Morgan Retail Round-Up Conference. The presentation by Richard McPhail, EVP and CFO, will be webcast live on April 4, 2024. The company operates 2,335 retail stores and employs 465,000 associates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
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Rhea-AI Summary
The Home Depot Foundation, through its associate volunteer force Team Depot, prepares disaster relief kits to assist communities affected by severe weather events. The foundation's proactive approach aims to provide immediate aid in response to natural disasters, emphasizing the importance of preparation and community support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
News
Rhea-AI Summary
The Home Depot, as a WaterSense partner, is participating in the EPA's Fix a Leak Week campaign to raise awareness about household water wastage. The campaign aims to reduce the nearly 1 trillion gallons of water lost annually due to leaks. The Home Depot encourages consumers to address common leaks like dripping faucets, shower heads, and running toilets to save water and money. John Hembree, an associate product development merchant, emphasizes the importance of regular maintenance in preventing water wastage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
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Rhea-AI Summary
The Home Depot's 501(c)(3) nonprofit, The Homer Fund, celebrates 25 years of providing financial assistance to associates in need. Since 1999, the fund has awarded over $267 million to over 183,000 Home Depot families, supporting them during tough times.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
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Rhea-AI Summary
The Home Depot is expanding its pro ecosystem by opening four new distribution centers in Detroit, southern Los Angeles, San Antonio, and Toronto in 2024. These centers will stock large items like lumber and roofing shingles to better serve pro customers. The company aims to enhance inventory depth, offer job lot quantities, reduce congestion in stores, and provide a comprehensive pro ecosystem with localized product assortment, digital tools, trade credit, tiered pricing, and more. Additionally, The Home Depot acquired Construction Resources to enhance its capabilities for pro contractors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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Rhea-AI Summary
The Home Depot partners with the NCAA for March Madness, launching 'How to March Madness' campaign featuring Shaquille O'Neal to engage customers during spring projects. The partnership includes rights across all NCAA championships, with a focus on men's and women's Division I basketball tournaments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
Home Depot, Inc.
NYSE:HD
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About HD
The Home Depot, Inc., often simply referred to as Home Depot, is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States.