Home Depot is a leading home improvement retailer offering a wide range of products and services to homeowners, contractors, and DIY enthusiasts
The company provides an extensive selection of building materials, home improvement supplies, and lawn and garden products, along with tools and appliances. Home Depot operates large retail stores and an online platform that allows customers to shop for their needs, access expert advice, and find inspiration for their home projects. Additionally, it offers various services, including installation, repair, and rental of tools and equipment, making it a one-stop destination for home renovation and improvement.
Over the last six months, Home Depot’s shares have sunk to $363.34, producing a disappointing 9.1% loss while the S&P 500 was flat. This may have investors wondering how to approach the situation.
Americans have been dealing with the rising costs of housing, groceries and transportation for years. A slew of new data suggests the formerly resilient U.S. consumer may be starting to crack.
Inflation cooled in February, sparking hopes of interest rate cuts. Sectors that could benefit are consumer discretionary, tech, and real estate. Consider XLY, XLK, and IYR ETFs.
