Fast Money Traders Share Their View On Home Depot

CNBC Fast Money's Guy Adami talked on the show about recent events in The Home Depot HD. He said that he doesn't want to compare Target Corporation TGT and Home Depot because the latter is a better operator. He explained that Target had a similar problem and although it had a lot of time to recover from the impact, it hasn't recovered at all. Adami thinks that Home Depot was a good selling candidate before the hacking news came out, because all the good news were already priced in and the announced departure of the CEO, Francis Blake, was not good for the company. Dan Nathan believes that the price reaction on the news was pretty mild as the stock is down only two percent. He would also take profits in this stock.
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Posted In: CNBCMediaDan NathanGuy Adami
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