UBS US hardline and broadline and food retail analyst Michael Lasser joins Market Domination to break down what investors can expect from Home Depot's (HD) second quarter earnings, which are set to be released on Tuesday, August 13.

Lasser expects Home Depot's sales to come in softer than expected, and thus, the company will likely take a "more conservative stance on the outlook for the back half of the year." He notes that the home improvement sector is relatively weak as the housing market remains under pressure from high mortgage rates and low inventory. He adds, "If you're a consumer and you're thinking about financing a big-ticket remodel, you're inclined to wait at this point until the financing of that project is going to become a little bit less expensive. All of that means the conditions are set for an upturn. That's probably going to occur in 2025, and we'll hear that from Home Depot when it reports next week."

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This post was written by Melanie Riehl