Home Depot Stock: Buy Now or Wait?
Investors aren't flocking into home improvement stocks today. With prices cooling, interest rates soaring, and a recession potentially on the way, Wall Street has abandoned the niche.
That said, the best returns come to investors who hold stocks through many economic cycles, meaning it could be the perfect time to establish a position in a world-class retailer like Home Depot (NYSE: HD). Let's take a closer look at whether the stock is a buy today or is too risky to own.
The good news is that Home Depot has already experienced some of the pain that investors are fearing is on the way. Interest rates have been climbing and home sales slowing for a while now. We can see the impact on the chain's results, and it isn't devastating.
Source Fool.com
