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The Simple Reason Why I Won't Buy Home Depot, Inc. Stock


The Simple Reason Why I Won't Buy Home Depot, Inc. Stock

Home Depot (NYSE: HD) has proven to be a retail chain that's immune to internet disruption. Most likely, that's partly due to the fact that many of the items it sells consumers actually want to see or touch, and partly because of the size of many building materials.

Shares, as you can see on the chart below, have almost doubled over the last three years. There's no reason to expect that steady growth to change anytime soon, but I still have no interest in owning any shares.

HD Chart

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Source: Fool.com

Home Depot Inc. Stock

€313.10
-0.370%
Home Depot Inc. shows a slight decrease today, losing -€1.150 (-0.370%) compared to yesterday.
The stock is one of the favorites of our community with 35 Buy predictions and 3 Sell predictions.
As a result the target price of 348 € shows a slightly positive potential of 11.15% compared to the current price of 313.1 € for Home Depot Inc..
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