Wall Street Strategies Comments on Home Depot

Wall Street Strategies provided color on Home Depot HD in a research report published today. In the report, Wall Street Strategies stressed that it continues to see Home Depot as a much more competitive company compared to its smaller rival Lowe's. Wall Street Strategies states, "The fear in the marketplace was palpable regarding the health, or lack thereof, of the 1Q11 report card from Home Depot (HD) as Lowe's (LOW) essentially laid an egg. Similar to what happened in 2010, Home Depot began 2011 by outperforming its smaller competitor in key operating metrics and delivering an overall superior earnings score sheet to shareholders, relatively speaking. We continue to be under the impression that Home Depot's consistent television message of low-price leadership and a friendlier shopping experience is leading to market share gain, despite Lowe's assertions yesterday that it scooped up modest share in the first quarter (maybe from those remaining independent hardware stores)." Home Depot is currently trading at $37.77, up 2.14% on yesterday's close. Lowe's is also adding to its value. At the moment, Lowe's shares are 0.28% higher and are standing at $24.91.