Builders are no longer buying their supplies from Amazon or Walmart. They are all going to Home Depot. Home Depot reported their earnings and revenues that topped Wall Street's forecasts Tuesday. They raised their profit outlook for the year and reported sales increase of 5.5% overall. Their stock rose 2% in early trading to a new all-time high. The stock is now up nearly 20% this year.
Good for them. Honestly Home Depot is the best place to buy building supplies and its understandable how it is the newest place to buy the things. I am just suprised that this didnt happen faster.
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