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Sep 23, 2020 (StockMarket.com via COMTEX) —
Are These The Best Home Improvement Retail Stocks To Buy Right Now?
Retail stocks were harshly affected by the pandemic when it arrived. Some retail companies were able to perform well like Target Corporation (TGT Stock Report) and Walmart Inc. (WMT Stock Report). This was due to them staying open despite the worldwide closures of retail stores. It seems like home improvement companies were able to see the same benefits as the companies mentioned above.
This is due to the large increase in home improvement during the quarantine. Since people are or were stuck at home, home improvement has been the main focus for plenty with nothing else to do. So the top home improvement retail stocks being open for the majority of 2020 has caused them to perform well. E-commerce is still growing larger than the retail industry, but there are many home improvement products that consumers prefer to purchase in person. Let’s look at a few home improvement retail stocks that have been trending upwards in the market.
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Top Home Improvement Retail Stocks To Buy [Or Sell] Right Now: The Home Depot Inc.
First, we must discuss The Home Depot Inc. (HD Stock Report) as it is one of the leaders in the industry. The Home Depot is reported as the largest home improvement retail company in the United States. Home Depot’s stores supply things like tools, equipment, construction items, wood, and more. The company has a plethora of locations in several places around North America. On August 18th, the second-quarter results