Time to Build a Position in Home Improvement Stocks?

The Home Depot (NYSE: HD) reaffirmed its fiscal 2019 earnings outlook last November, even though full-year revenue and comparable-sales growth of 1.8% and 3.5%, respectively, were lower than previous guidance management offered. Shares have only recently recovered to pre-announcement levels, but I have a hunch that the company and industry overall are in a strong position in 2020 and beyond.

Here's why now is the time to nail down (pun intended) a position in the home improvement sector.

Image source: Getty Images

Continue reading

Source Fool.com