Could Home Depot Be a Millionaire Maker Stock?
If you bought $139,000 worth of Home Depot (NYSE: HD) stock 10 years ago, that position would be worth $1 million today (and more if you'd reinvested the dividends). The home improvement retailer has made itself a $290 billion company by taking care of its employees, its customers, and ultimately, its shareholders, benefiting from consumers' increased focus on their homes.
But the past is only a guide when investors try to predict the future. Home Depot was a retail superstar in 2020. Can it keep growing and become a millionaire-maker stock over the next 10 years?
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Source Fool.com
