3 Terrible Reasons to Sell Home Depot Inc. Stock
Home Depot (NYSE: HD) has trounced the market so far this year even while many national retailers are setting new five-year lows. The rally might provide a good opportunity to sell the stock if you've found a more promising use for the funds or have decided that your investing thesis is broken.
You don't want to part with such a high-performing business for the wrong reasons and then regret it later, though. Below, we'll highlight three of the worst justifications for selling Home Depot stock today.
The home improvement market has been on a cyclical upswing for years, with home prices surging and spending on capital improvements doubling to an over $700 billion pace from a low of about $350 million in 2010.
Source: Fool.com