Home Depot Is Turning the Corner. Time to Buy the Stock?
Home Depot (NYSE: HD) is one of the best-performing stocks of all time. Since the company's initial public offering (IPO) in 1981, its stock has grown from a small home improvement chain to one of the most valuable retailers in the world, pioneering a new retail model -- a big-box home improvement store.Home Depot has thousands of stock-keeping units (SKUs) in its stores, making it difficult for smaller traditional hardware stores to compete, and its economies of scale help keep prices low. The company has also invested in technology to support convenient options, like e-commerce and in-store pickup, differentiating itself that way as well.With the slowdown in the housing market, Home Depot has struggled over the last few years, but it had good news to report on Tuesday. This sent the stock higher on a day when the market was down broadly on a weak consumer-confidence report.Continue reading
Home Depot (NYSE: HD) is one of the best-performing stocks of all time. Since the company's initial public offering (IPO) in 1981, its stock has grown from a small home improvement chain to one of the most valuable retailers in the world, pioneering a new retail model -- a big-box home improvement store.
Home Depot has thousands of stock-keeping units (SKUs) in its stores, making it difficult for smaller traditional hardware stores to compete, and its economies of scale help keep prices low. The company has also invested in technology to support convenient options, like e-commerce and in-store pickup, differentiating itself that way as well.
With the slowdown in the housing market, Home Depot has struggled over the last few years, but it had good news to report on Tuesday. This sent the stock higher on a day when the market was down broadly on a weak consumer-confidence report.
