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The Home Depot, Inc. (HD) News: Big Box Bully, Federal Reserve & Team Rubicon

Editor’s Note: Related tickers: The Home Depot, Inc. (NYSE:HD), JPMorgan Chase & Co. (NYSE:JPM), Dow Jones Industrial Average (INDEXDJX:.DJI)

US stocks rise on strong Home Depot result (DailyTelegraph)
US stocks have opened higher following a positive earnings report by Dow member The Home Depot, Inc. (NYSE:HD), which cited the strong recovery in the housing market. Five minutes into trade on Tuesday, the Dow Jones Industrial Average (INDEXDJX:.DJI) rose 45.63 (0.30 per cent) to 15,380.91. The broad-based S&P 500 added 4.05 (0.24 per cent) 1670.34, while the tech-rich Nasdaq Composite Index increased 5.38 (0.15 per cent) to 3026.07. Analysts said the market was looking ahead to public comments by Federal Reserve Chairman Ben Bernanke, who will testify on the economic outlook to Congress on Wednesday.

The Home Depot, Inc. (NYSE:HD)

Home Depot hammers the little guy, again (BaltimoreSun)
In regard to your article about the hot dog stands at The Home Depot, Inc. (NYSE:HD) (“Home Depot tells owners of hot dog stands to relocate,” May 17), I am appalled that the Big Box Bully would crush a small business owner in this environment. To throw out a long-time vendor that brings a nice added touch to this behemoth is unfathomable to me and should anger all small business owners especially the small businesses that use The Home Depot, Inc. (NYSE:HD) for their own livelihood.

Home Depot To Refund Taxes To Electric-Car Charging Station Buyers (GreenCarReports)
Many states offer discounts, rebates, and other incentives for the purchase of infrastructure improvements that encourage electric-car ownership. …Unfortunately, The Home Depot, Inc. (NYSE:HD) sales associates weren’t aware of the program, which made charging station purchases exempt from sales tax — or rather, they weren’t telling customers about it. The problem came to light when a Seattle-area farmer visited The Home Depot, Inc. (NYSE:HD) to purchase a charging station. The store didn’t have any in stock and directed him to order one online. (In fact, it appears that’s the only way The Home Depot, Inc. (NYSE:HD) sells the devices.)

The Home Depot Foundation Creates $1 Million Fund for Spring Storm Relief and Recovery Efforts (BusinessWeek)
A The Home Depot™ Foundation, the philanthropic arm of The Home Depot, Inc. (NYSE:HD), today announced it has created a $1 million weather impact fund to aid relief, recovery and rebuilding efforts in response to the recent tornadoes in Oklahoma and throughout the Southwest United States, and in expectation of continuing violent storms throughout the spring season. As a part of this commitment, The Home Depot, Inc. (NYSE:HD) Foundation is donating $250,000 to the American Red Cross for immediate relief needs in response to recent tornadoes and storms that caused serious damage. The Home Depot, Inc. (NYSE:HD) Foundation has also committed $100,000 to Team Rubicon, whose primary mission is engaging veterans in disaster relief and recovery efforts, where their skills and experience greatly benefit communities.

Home Depot Price Target Increased to $89.00 by Analysts at Jefferies Group (HD) (MideastTime)
The Home Depot, Inc. (NYSE:HD) had its target price raised by Jefferies Group from $85.00 to $89.00 in a research note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a buy rating on the stock. HD has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an outperform rating on shares of The Home Depot, Inc. (NYSE:HD) in a research note to investors on Thursday, May 16th. They now have a $82.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of The Home Depot, Inc. (NYSE:HD) from $78.00 to $81.00 in a research note to investors on Wednesday, May 15th. They now have an overweight rating on the stock. Finally, analysts at JPMorgan Chase & Co. (NYSE:JPM) reiterated an overweight rating on shares of The Home Depot, Inc. (NYSE:HD) in a research note to investors on Wednesday, May 15th. They now have a $74.00 price target on the stock.

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