Latest / Raleigh News Today | 2 Min News | The Daily News Now!
Gates Foundation Bets on Home Depot | Raleigh News
The Gates Foundation Trust just dumped a million Home Depot shares—worth over $34 billion—while the housing market stalls, betting big on essential home repairs. Even as the CFO calls the market “frozen,” Home Depot’s sales are surging, fueled by leaky roofs and broken heaters. The trust’s move, paired with a stake in FedEx Freight, signals a bold pivot toward domestic infrastructure and resilient consumer spending. Analysts still rate it a “Buy,” seeing value in the dip—this quiet play could be the start of a major comeback. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.