#5 - Home Depot (NYSE:HD)
Outdoor living means different things to different people. For some, it means spending time outdoors but a little closer to home. And that’s the argument for investing in Home Depot (NYSE:HD). Millions of dollars were spent as consumers updated their outdoor entertainment areas during the pandemic. And when trends like this start, they don’t end abruptly as the demand for outdoor televisions proves.
Now factor in the idea that new home construction and demand for new housing remain strong and you have the recipe for continued investment in outdoor living spaces. What could go wrong? Rising interest rates could price people out of the housing market. But for this summer, that doesn’t appear to be a concern.
Home Depot has mastered the omnichannel model and has somewhat of a moat from a company like Amazon that, for now, is not moving too aggressively into the home improvement area.
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
- $405.99
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $426.00 (4.9% Upside)
