For the last two week’s Home Depot’s stock could surge from $235.32 to $241.83 although it fell twice by losing $11 at least. During the lockdown, people started paying much attention to their homes since they are the only places to stay safe from the virus. So, any person prefers to change the home’s design, appliances, furniture, and so on. Home improvement has become one of the top priorities. Spending money for the shelter doesn’t make people hesitate to save for other upcoming days since a lot of organizations are providing essential food and sanitizers to fight the pandemic.
Q1 2020 financial report tells a lot about Home Depot’s success in achieving positive change in revenue and gross profit. However, total liabilities rose by a minimum of $350 million.