Diamonds and Dogs
Home is where the heart is. Over the past few months, Home Depot (HD) has been on the rise, increasing by just under 2% from the previous day. The home-improvement store has increased 41% in the past year, experiencing positive economic growth due to rebuilding action from the hard-hitting hurricanes in the fall of 2017. Despite the decline of this short-term boost from hurricane repair, the CEO remains optimistic in terms of sales and profits for the 2018 year hoping that a strong economy and healthy housing market will help.
Facebook (FB) may need to save face after this latest announcement. The company is down 4% from the previous day after Mark Zuckerberg made an announcement in part with his New Year's resolution, which is to fix Facebook. This latest announcement entailed plans to change the structure of the news feed, in an effort to generate more conversation and move away from media and brand related posts. Zuckerberg wants the feed to feel more engaging for the individual. With this new plan, comes uncertainty in terms of the economic profits of the company, causing investors to "balk" at the announcement.
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