Down 18%, Is Home Depot Stock a Buy on the Dip?
Is home improvement giant Home Depot (NYSE: HD) stock a buy on the dip? If you're looking for a great value stock, Home Depot stock looks priced to buy today.The market is hovering just north of flat for the year, and there's a tentative confidence in the economy. Many tariff issues have been worked out for now, and U.S. companies are demonstrating resilience. However, it's fragile. With interest rates still high and the real estate market still low, many companies, specifically related to the housing market, are still under pressure.Home Depot has been reporting moderate performance, and it's not expecting that to let up as long as conditions remain the way they are right now. Home Depot stock is 18% off its all-time high, and investors should take a look.Continue reading
Is home improvement giant Home Depot (NYSE: HD) stock a buy on the dip? If you're looking for a great value stock, Home Depot stock looks priced to buy today.
The market is hovering just north of flat for the year, and there's a tentative confidence in the economy. Many tariff issues have been worked out for now, and U.S. companies are demonstrating resilience. However, it's fragile. With interest rates still high and the real estate market still low, many companies, specifically related to the housing market, are still under pressure.
Home Depot has been reporting moderate performance, and it's not expecting that to let up as long as conditions remain the way they are right now. Home Depot stock is 18% off its all-time high, and investors should take a look.
