#2 - Home Depot (NYSE:HD)
Home improvement stocks such as The Home Depot, Inc. (NYSE: HD) are frequently seen as cyclical. That's not unreasonable because they're closely tied to the housing sector. But home improvement is a 365-day-a-year market. So whether homeowners do it themselves or use a contractor, these companies generate revenue and earnings.
Home Depot was investing in an omnichannel model before the pandemic. That investment helped the company become an e-commerce winner because it operates in a channel that companies like Walmart Inc. (NYSE: WMT) and Amazon (NASDAQ: AMZN) can't easily copy.
Home Depot has posted revenue and earnings year-over-year gains for the year's first three quarters. Analysts are forecasting continued growth in earnings at an average pace of about 5% in the next five years.
Like Coke and Pepsi, if you're an investor that prefers Lowe's Companies, Inc. (NYSE: LOW), I'm not here to say you're wrong. It's hard to go wrong with a dividend king.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.
Read More - Current Price
- $334.55
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $375.96 (12.4% Upside)
