3 Stocks to Build Your Portfolio Around
You've worked hard for your money and even harder to save it. It's only natural to expect the stocks you buy to work hard for you while you focus on the important things in life. To stack the odds in your favor, you'll want to select financially solid companies with large market opportunities and a proven track record to build your portfolio around. Let's look at three stocks that check all of those boxes.
With 2,293 stores in the U.S., Canada, and Mexico, it's likely there's a Home Depot (NYSE: HD) store near you. If you are one of the more than 128 million homeowners in the U.S., it's also likely you've visited this do-it-yourself home supply store, maybe even as recently as last weekend. But what you might not know is that this quality retailer is an amazing cash machine.
Over the last 10 years, Home Depot has only added 45 stores, a tiny 2% of its store base. But revenues have increased an amazing 62%, driving incredible efficiency in its stores. This smart strategy has more than doubled the percentage of its net earnings from 4.9% in 2010 to 10.2% in 2019, enabled it to amass over $14 billion in cash and cash equivalents, and provided shareholders an increasing dividend for the last 11 years.
Source Fool.com
