Investors are bracing themselves for weak earnings reports from many of the bellwether retail stocks reporting earnings this week. That may explain why investors are mildly bullish on Home Depot (NYSE: HD) after a better-than-feared earnings report.
In afternoon trading, HD stock is up 3.2%. That’s down from the jump it got when the market opened, but it’s bullish that the company continues to hold onto gains as investors digest its second-quarter earnings report.
