Home Depot (HD) Earnings Flop, But Company May Not Be Doomed

Home Depot (HD) reported weaker-than-expected earnings today, February 21st. Alex Coffey and Jenny Horne discuss HD as its revenue came in at $35.83B versus an estimated $35.91B. They talk about how HD's 4Q customer transactions down 6% year-over-year, and while the stock is not doing well the company may not be doomed. They then compare HD to other home improvement stocks such as Lowe's (LOW). Alex then demonstrates an example trade using HD. The trade type is a skewed put butterfly and the direction neutral to bullish. Tune in to find out more about the stock market today.