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Should I Buy Home Depot Stock !LINK!


Home Depot is likely to remain a winner for conservative investors. A massive footprint and the continuing need to maintain and upgrade homes should keep its revenue steady. And its high payout and dividend growth history should also help attract stockholders looking for income.




should i buy home depot stock


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Last year was rough for the housing market, including Home Depot. As a result, the stock lost 24%, underperforming the S&P 500, and it is down again after its most recent earnings report was released last week. The leading home improvement retailer fell 7% last Tuesday after it missed the mark in its fourth-quarter earnings report and offered disappointing guidance.


Over the coming years, the company should also benefit from structural tailwinds, including the national housing shortage, which is estimated to be between 2 million and 6 million homes. That should support demand for new homes and higher prices.


Mega-retailer Home Depot (HD 3.42%) has fallen roughly 24% from its post-pandemic peak. The home improvement boom of 2020 and 2021 sent the stock soaring, but now a slowing housing market and inflation impacts on consumer spending have investors concerned.


The Home Depot is the world's largest home improvement specialty retailer, with 2,296 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2019, The Home Depot had sales of $110.2 billion and earnings of $11.2 billion. The company employs more than 400,000 associates. The Home Depot's stock is traded on the New York Stock Exchange and is included in the Dow Jones industrial average and Standard & Poor's 500 index. Social media mentions are up 367% in the past 24h.


Home Depot is a North American retailer that specializes in hardware, lumber and home goods. It is a publicly traded company that issues shares of common stock on the New York Stock Exchange. You can invest in it through any mainstream brokerage but the most important thing to do is to make sure it is a good investment that can help you reach your financial goals.


Since the stock is closer to the resistance from accumulated volume at $295.50(0.13%) than the support at $290.79(1.47%), our systems don't find the trading risk/reward intra-dayattractive and any bets should be held until the stock is closer to the support level.


Home Depot holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.


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Home Depot (HD) is one of the biggest companies in the U.S. with a market cap of around $387 billion. The Atlanta-based home-improvement retailer is often viewed as a proxy for the U.S. housing market. Meanwhile, the stock is one of the top stocks in the Dow Jones Industrial Average for 2021, but is Home Depot stock a buy in the current stock market uptrend?


The Home Depot, Inc. operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, and building service contractors, as well as specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products through websites, including homedepot.


Lowe's echoed similar sentiments during its conference call on Wednesday. CEO Marvin Ellison said home price appreciation, the aging home stock and the ongoing housing shortage are key economic drivers of Lowe's business.


The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.


The domain homedepot.com attracted at least 120 million visitors annually by 2008 according to a Compete.com survey.[62] In the US HomeDepot.com has 5 Call centers located in Kennesaw, GA; Atlanta, GA; Marietta, GA; Ogden, Utah and Tempe, AZ. Home Depot online offers in-store pickup and online returns.[63][better source needed]


Value investors will likely also appreciate Home Depot's (NYSE: HD) bargain-priced shares. The home improvement titan's stock is currently trading within about 10% of its 52-week low amid a broader sell-off in the overall market, even as housing trends are boosting the underlying performance of its business. 041b061a72