Consumer Sentiment and Boycott Threats Weigh on Home Depot Stock
Home Depot (NYSE:HD) faces mounting challenges as the holiday shopping season kicks into high gear. Investor concerns over weakening consumer sentiment and boycott threats have pressured shares, with the stock edging lower in Monday morning trading.
Tariff-driven price increases and a stagnant housing market are dampening customer demand. Early indicators suggest holiday shoppers plan to tighten budgets, compounding troubles for the home improvement retailer.
Political controversies provide no respite. Recent ICE raids involving Home Depot parking lots have sparked calls for boycotts during the critical holiday period. The company's traditional end-of-year sales boost now appears uncertain.