Better Buy: Amazon vs. Home Depot
Both Amazon (NASDAQ: AMZN) and Home Depot (NYSE: HD) saw their stocks outperformed the market through the first three quarters of 2020. As leaders in the e-commerce and home improvement spaces, these businesses have attracted investors' attention thanks to shifts in consumer shopping priorities that lifted sales growth this year. These trends aren't likely to reverse themselves as the coronavirus threat lessens, either.
But which stock looks like the better investment right now? Each business has its attractive points, but there are some good reasons to prefer Home Depot over the e-commerce leader today.
There's no denying that Amazon is the biggest beneficiary of the shift in consumer spending toward e-commerce. That huge trend has been accelerated by the pandemic, with product sales in the first half of 2020 spiking 31% to $92 billion versus $70 billion a year earlier.
Source Fool.com
