Pete Najarian Is A Buyer Of Home Depot

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On
CNBC's "Fast Money Halftime Report,"
Pete Najarian said that a decrease of almost 3 percent in
Home Depot IncHD
is unexplainable to him. He thinks the move lower creates a buying opportunity.

The stock was trading at $160 in May and June, then it dropped to $155. It is now trading below $150. Najarian believes its growth rate makes the stock attractive.

tephen Weiss commented it's surprising the stock is down because it posted a great quarter. He thinks people are taking profits because the stock is not performing well.

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Posted In: CNBCEarningsLong IdeasNewsMediaTrading IdeasFast Money Halftime ReportPete NajarianStephen Weiss
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