Fool.com contributor Parkev Tatevosian discusses how changing lumber prices could influence Home Depot's (HD -2.25%) profits.
*Stock prices used were the afternoon prices of July 2, 2024. The video was published on July 4, 2024.
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Lumber Prices Are Crashing! What Does That Mean for Home Depot Stock Investors?
By Parkev Tatevosian, CFA
–
Jul 6, 2024 at 4:44AM
NYSE: HD
Home Depot
Market Cap
$356B
Today's Change
(-2.25%) -$8.06
Current Price
$350.52
Price as of August 2, 2024, 2:08 p.m. ET
The prices for lumber have been volatile ever since the onset of the pandemic.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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