Strength Seen in Home Depot (HD): Can Its 3.4% Jump Turn into More Strength?

Home Depot shares surged 3.4% to $295.47, driven by investor confidence in its interconnected retail model, digital capabilities, and Pro-focused initiatives. The company is expected to report quarterly earnings of $3.86 per share (+3.2% YoY) and revenues of $42.72 billion (+3.3% YoY). However, earnings estimate revisions have been marginally lower over the past 30 days, which could limit near-term price appreciation. HD carries a Zacks Rank #3 (Hold).