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Is Home Depot Stock a Screaming Buy on the Dip?

TheMotleyFool

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Is Home Depot Stock a Screaming Buy on the Dip?: https://g.foolcdn.com/editorial/images/751208/ladder-home-renovation-project.jpg

Home Depot (NYSE: HD) is without a doubt experiencing a notable slowdown. Following a surge in demand and double-digit percentage sales growth in the pandemic-impacted fiscal years 2020 and 2021, recessionary fears have investors somewhat hesitant today.

As of this writing, the share prices of Home Depot trade about 29% below their peak price, which was set in December 2021. This drop reflects the pessimism surrounding the business.

Does this big price dip mean that this top retail stock is a screaming buy right now? It just might be.

Source Fool.com

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