Buy the Dip in Home Depot, But Wait for It to Bottom First

Home Depot TodayHDHome Depot $344.50 -1.31 (-0.38%) 52-Week Range$ 274.26▼ $396.87Dividend Yield2.61%P/E Ratio23.11Price Target$ 384.00Add to WatchlistHome Depot NYSE: HD is a high-quality business in no danger of failure, but its stock price will likely head lower now that the Q2 results and guidance are in. The guidance was improved, but factors including acquisitions, organic declines, and cautionary statements raise serious doubts about the results for the next two to four quarters. Doubts and questions abo ...