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7 Reasons to Buy Home Depot
03/18/2016 7:00 am EST
With the market bouncing off of its February lows, the Alpha Algorithm has Our proprietary stock system has generated “seven-strategy” stock, which meets all of our criteria, explains Nicholas Vardy in his recently-launched service, Alpha Algorithm.
This is unusual and suggests a high level of interest by a wide range of investment strategies.
Atlanta-based Home Depot (HD) operates as a home improvement retailer. Home Depot stores sell various building materials, home improvement products and lawn and garden products.
They also provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me and professional contractors.
Here’s a look at the seven top investment strategies that are each betting on Home Depot :
1. High Quality Stocks
Buy US stock that exhibits positive fundamentals, including high return on equity, stable year-over-year earnings growth and low financial leverage.
2. Insider Buying
Identify when corporate officers, directors and shareholders who own more than 5% of each company’s stock are accumulating shares.
3. Value Line Model
The stock is among the top 100 stocks, from a universe of 1,700 stocks, to which Value Line gives a #1 ranking in its Timeliness Ranking System.
4. Shareholder Yield
Company: a) pays cash dividends, b) engages in net share repurchases, and c) pays down debt on its balance sheets.
5. Fundamental Strength
Target top US stock based on fundamentals measured by book value, cash flow and sales dividends.
6. Large-Cap Growth
The stock is among the top 50 large-capitalization US growth stocks generated through a rigorous 10-factor fundamental screening process.
7. Hedge Fund Alpha
Based on publicly available disclosures, successful hedge fund managers are investing in the stock. As such, our recommendation is to buy Home Depot.
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