Looking to Buy Home Depot Stock? This Might Be Its 1 Secret to Success
HDHome Depot(HD) The Motley Fool·2024-04-15 13:15

This top retailer has a strong position with a key customer group. Buying industry-leading businesses has generally worked out well for investors over the long haul. This applies even in the home improvement space. If you'd bought 10,000worthofHomeDepot(HD1.2910,000 worth of Home Depot (HD -1.29%) shares 10 years ago, you'd be sitting on a portfolio balance of 58,000 today. If we look back even further, the gains are even more impressive. As this top retail stock sits 18% below its peak price (as of April 12), you might be eyeing Hom ...