Why Home Depot Is a Retiree's Dream Stock
Americans love investing in their homes. In the last quarter, in fact, consumers poured cash into home remodels and improvements at an $860 billion annual pace, or just below the $900 billion all-time peak that was set just before the financial crisis began in 2007.
Home Depot (NYSE: HD) has been a key beneficiary of that powerful trend, which helped push its annual revenue to over $100 billion in 2019 from $66 billion a decade earlier. But the retailer has other advantages that, combined with its impressive growth potential, make it an ideal stock for your retirement portfolio.
Let's look at those attractive investment qualities.
Source Fool.com
