Home Depot (HD) reported profit growth of 36% last qtr, which blew away estimates of 26%. And with a P/E of 22, HD is a good buy.
Shares of Home Depot (HD) look great as profit growth accelerated from $17% to 25% last qtr. With a P/E of 21, HD has some upside.
There’s a lot of good things going on at Home Depot (HD). E-commerce sales, big ticket sales and professional sales are leading the charge.
Natural disasters such as wildfires in California and Hurricanes in the Southern US are expected to boost profits for Home Depot in 2018. And a good housing market helps too.
A strong economy is good for housing, and Home Depot (HD) stock has been a winner with strong sales of pipes, power tools, wire, flooring, storage, and patio furniture.