Home Depot Stock News

ATLANTA , Sept. 30, 2024 /PRNewswire/ -- The Home Depot Foundation is committing up to $2 million to support immediate disaster relief in communities impacted by Hurricane Helene.

Costco has been a big winner, but the stock is looking pricey. Home Depot looks poised to gain as interest rates fall.

Amazon has an especially big tailwind from AI. The Home Depot should benefit from the Fed's rate cuts.

On September 27, 2024, investors will get the latest reading on inflation from the Personal Consumption Expenditures (PCE) index. In August, the reading came in at 2.5%.

Apple may have a harder time supporting its high valuation at its current size. Home Depot could produce double-digit returns if the price is right.

As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and sa...

The trends in existing U.S. home sales tend to be leading indicators for Home Depot's earnings. But there's a lag, so the stock's valuation will look expensive when home sales are starting to improve.

As part of a well-rounded, diversified portfolio, blue-chip stocks should be a cornerstone of your investment strategy.