Fast Money Blog- 5/21/21

Although we are still in the middle of a pullback, the star of this week was The Home Depot, Inc. (HD). On Tuesday, May 18th, Home Depot delivered Q1 2021 earnings results. The company posted top-line revenue of $37.5 billion, up 86% year-over-year and sales of $34.5 billion, a 32% increase year-over-year.

The company also reported that they had 447.2 million customer transactions, up 19.3% from a year earlier.

Clearly the middle class is carrying the economy by staying home and improving their number one long-term investment: their homes.

I expect the up warding trending sales in HD to continue into Christmas 2021. If you are holding these shares you are well positioned for future profit.

Stay Positive. Stay Disciplined.

Tyrone Jackson

The Wealthy Investor