Home Depot Inc Is Hiring

According to February issue of Bloomberg BusinessWeek, Home Depot Inc., the nation's largest home improvement store and a component of Dow Jones Industrial Average, is hiring more than 60,000 temporary workers in US and adding permanent employees for the second consecutive years.  Not only the company is preparing for the busy March to June season but also the increase in consumer confidence and the lower unemployment lift the company's confidence on the overall economy.  Another positive news comes from the household purchase which grew 4.4% in the fourth quarter.  


The stock has been doing well so far for the last six months, rising 40% so far and is now traded at $37 per share.  The technical chart shows very bullish signal as 50 day moving average is on top of 200 day moving average and KD line is moving up.  The company should continue to move higher for the year.