When considering where to place your hard-earned capital in this kind of market environment, investors should seek out companies that are successfully managing the current economy, have competitive advantages, and sell for attractive valuations. I believe these are key ingredients for a recipe that will boost anyone's portfolio over the long term.
Home Depot (NYSE: HD) checks all of these boxes. The stock deserves a closer look if you have $100 you're ready to invest.
In its third-quarter (ended Oct. 30), the leading home improvement chain increased revenue 5.6% year over year to $38.9 billion. Same-store sales rose a healthy 4.3%, and diluted earnings per share of $4.24 were 8.2% higher than Q3 2021. The business handily beat Wall Street analysts' expectations for both the top and bottom lines.
Source Fool.com