MasTec, Inc. (MTZ) is a multinational infrastructure engineering and construction company based in C...
Home Depot: Go-To for Builders
09/20/2016 9:00 am EST
This recommended stock, the world’s largest home improvement retailer, has given investors plenty of reasons to smile. Its stock has been one of the winners in a risky and choppy market, asserts Todd Shaver, editor of BullMarket.com.
Low oil prices, improving employment and a low interest rate environment have all worked in favor of Home Depot (HD).
Home Depot has also benefited from an improving housing market, which is encouraging homeowners to take on large-scale home improvement projects.
It is the go-to destination for home improvement needs. Builders and professional renovators make up an important chunk of Home Depot’s clientele and have stepped up demand for its products.
The stock’s encouraging performance comes at a time when other retailers are losing out to online giants. Home Depot, however, has an advantage here.
There are some needs that are best met when customers physically come to the store, like when they need to pick up paint or when the size of the product is too big. And that is where Home Depot scores.
Even so, Home Depot is not ignoring online shoppers. The company is in the midst of the launch of its “Buy Online, Deliver From Store” feature and should complete its rollout by the end of this year.
Our take is that the company’s recent performance and future prospects have triggered optimism from management and analysts alike.
It is definitely premature to say that Home Depot’s rally is over. This stock still belongs as a key component of your growth portfolio.
By Todd Shaver, Editor of BullMarket.com
Related Articles on STOCKS
Neil Macneale is the editor of 2-for-1 Stock Split Newsletter, a speciality advisory service in whic...
The $1 trillion market cap reached by Apple (AAPL) is an intimidating number, and might make you won...
We hold LightPath Technologies (LPTH) starting at $1.40-$1.60 in January 2017 and suggest long-term ...