Dow Stock #8 –
Home Depot (HD)
Home Depot (HD) is kind of a no brainer. Home sales have trickled to nearly nothing, and with falling property values it doesn’t make a heck of a lot of sense to add on that sunroom you’ve always wanted.
The final nail in the coffin is weak consumer spending that is hurting retailers of all stripes. Until housing and consumer confidence both improve markedly, HD is a sell.
See Louis Navellier’s FREE Portfolio Grader stock
report on Home Depot.