Home Depot Sinks Almost 3% Despite Q4 Beat

Home Depot (NYSE: HD) reported its latest quarterly figures this morning, and investors reacted by trading down the stock. Home Depot did not proffer any guidance, writing that for this year, "Given the uncertainty related to the duration of the COVID-19 pandemic and its influence on the consumer, the Company believes it is limited in its ability to forecast demand." As was the case in previous quarters, Home Depot continued to benefit from a customer base that is effectively trapped at home much of the time.