We saw a relatively calm week for the US stock market. Although trade war fears loom, overall we are in growth mode as it relates to revenues of top Dow and S&P stocks.
The big winner in the Dow this week was Home Depot, Inc. (HD). The company saw a top line revenue growth in Q2 with total revenues of $30.8 billion.
For those of us investing in HD for the long term, the revenues indicate that the dividend is safe and the stock will rise into Q4.
I expect the rest of August to be quiet and for the stock market to begin advancing after September 12th.
Stay open and stay positive!
Tyrone Jackson
The Wealthy Investor
