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Is Amazon threatening to put a major dent in Home Depot’s business?

Posted by   /  August 17, 2017  /  No Comments

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Despite strong earnings, stock drops

Brena Swanson | Housingwire

Even though it posted record results in its second-quarter earnings, Home Depot’s stock is still tanking on the market, according to a CNBC article by Bob Pisani.

The main culprit behind the drop is the same company that’s threatening most markets: Amazon.

Going into the earnings day, economists were positive on the home improvement store’s immunity to Amazon and that it has “clear advantages with the Do-It-Yourself and professional contracting crowd that is the core of its buyers,” the article noted.

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