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2 Red Flags for Home Depot Stock in 2023

TheMotleyFool

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2 Red Flags for Home Depot Stock in 2023: https://g.foolcdn.com/editorial/images/750280/home-remodel-painting-repair-diy.jpg

We're still a few weeks away from Home Depot's (NYSE: HD) next earnings announcement, but investors are already getting nervous. The home improvement retailer's stock trails the wider market in 2023 as concerns rise about an impending recession.

Cyclical downturns are an unavoidable part of the housing market. Home Depot has emerged from many prior slumps, including the Great Recession, to set new sales and earnings records.

However, investors should still be aware of any gathering risks to the business. With that in mind, let's look at two potential red flags ahead of Home Depot's Q3 report in November.

Source Fool.com

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