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A Bull Market Is Coming: 3 Reasons to Buy Home Depot Stock

TheMotleyFool

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A Bull Market Is Coming: 3 Reasons to Buy Home Depot Stock: https://g.foolcdn.com/editorial/images/732804/home-contractor-tools-home-improvement.jpg

Home improvement retailer The Home Depot (NYSE: HD) recently whiffed on sales estimates when it reported its Q1 operating results. The stock has steadily inched toward the low end of its 52-week range.

The problem? Consumers appear tapped out. With inflation making it harder to get by, wallets are tightening. Home Depot's comparable store sales fell 4.6% year over year in the United States.

But the economy cycles, and a bull market will eventually come again. When it does, Home Depot could return to its market-beating ways. Here are three reasons to buy the stock before then.

Source Fool.com

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