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Today is Monday August 15, 2016

Home Depot (HD) reports earnings tomorrow morning before the bell

In the past 23 quarters

Home Depot hasn’t missed earnings estimates

It’s had 21 beats

And 2 meets

Options are pricing a 4% move

Even though typically Home Depot doesn’t move much

1 week after reporting earnings

The report is important because of its weighting in the DOW

It’s the 5th most heavily weighted DOW stock

It’s 5% of the Dow (DJIA)

And it will give us insight into consumer spending

Especially for people’s homes

If Home Depot has a good report

Expect Lowe’s (LOW) to trend higher

Fun Fact: Lowe’s reports earnings Wednesday morning before the bell

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