Up 20% in the Last Month, Is It Time to Buy Home Depot Stock?

Up 20% in the Last Month, Is It Time to Buy Home Depot Stock?

Home Depot (NYSE: HD) posted a solid third quarter, reflecting steady demand for home improvement projects amid an economic slowdown. With plenty of homeowners still not back to the office five days a week and spending ample time at home, this consumer discretionary stock looks positioned to gain even more dominance in the home improvement market. CEO Ted Decker cited strength across most of Home Depot's departments and solid growth among pro and do-it-yourself customers.