A blue chip company by definition has a national reputation for quality and can operate profitably in bad times as well as good. Home Depot Inc. seems to be living up to that; the stock rose along with other big names as markets adopted the view that weak job and consumer data mean more economic stimulus is around the corner.
Market Movers
Home Depot nails down a gain
orange county register via associated press/file 2012
Analysts at Zacks.com wrote that they “remain encouraged by the company’s consistently good quarterly performance . . . impressive strategic and long-term goals.’’