#5 - Home Depot (NYSE:HD)
The best reason I can give you to invest in Home Depot (NYSE:HD) is that the company didn’t need the pandemic to have a solid year in 2020. However the pandemic helped. Home Depot leans into the category of resolutions to have a more organized home.
We’ve all been spending a lot of time in our homes. And believe it or not, there may still be a need to cut the clutter. And many homeowners are realizing that they want to make better use of the space they have. After all, an open floor plan is great for entertaining. It’s not as desirable when you’re looking for the privacy of a home office or classroom.
Home Depot became a strong omnichannel story in 2019 and that carried right through in 2020. The company is not immune from competition. Lowe’s (NYSE:LOW) has upped its digital game. However both LOW stock and HD stock have been essentially mirror image performers which suggests there’s plenty of room for both competitors. But the one advantage a company like Home Depot has is that it has many items that consumers can’t get from Amazon (NASDAQ:AMZN).
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
- $420.00
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $426.00 (1.4% Upside)
