I think the markets are incorrectly valuating HD (Home Depot).
I'll keep it short:
60% of revenue is retail
40% of revenue are contractors
Business started focusing more on contractors. Acquisitions that forced cancelation of share buybacks, and now with another acquisition were going to see even more financial pressure that puts debt refinancing pressure on this company.
They're close to having their rating reduced at this rate.
Additionally satellite data shows that parking lots are more empty.
50% of goods they sell are imported, these got hit by a weakened dollar.
Rising gas/oil prices as well as shipping rates further increase these prices. Additionally it makes it less affordable for hobbyists to drive to Home Depot.
Main reason why I think its incorrectly priced?
\- Very quick and sharp change in gas prices affecting this quarter. Which is seasonaly one of the strongest for retail shoppers.