Stock #2 – Home Depot (HD)
Home Depot (HD) has about 2,300 retail stores in the U.S., and is likely to be the first destination for homeowners looking to fix burst pipes, mend fallen gutters or tend to other havoc inflicted by Old Man Winter.
HD made a splash recently with a fantastic Q4 earnings report. A 1.2% jump in same-store sales for the period helped the company trounce Wall Street estimates of 17 cents per share with actual profits of 24 cents per share. Do-it-yourself repairs in the wake of the winter storms are sure to pad Home Depot’s bottom line for the current quarter.
- Poll of the Day