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10 Best Stocks So Far in 2012

The 5 best Dow Jones and S&P 500 stocks at the midway point

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#3 Dow Stock: Home Depot

Home Depot HDSector: Specialty Retail
YTD Gain:

Home improvement retail stock Home Depot (NYSE:HD) might surprise you on this list, since the housing market remains one of the biggest trouble spots in the U.S. economy. But it’s actually this softness in housing that is helping Home Depot. As folks stay in their houses longer, they are eager to spruce them up or forced to do repairs if they run into some bad luck.

What’s more, the glimmers of hope in the housing market have some people considering dressing up properties to sell — which made many investors think that now is the perfect time to invest in HD stock.

Fiscal 2012 revenue are on pace to top 2009 levels, and HD is riding four straight quarters of both year-over-year EPS and sales growth. The housing market is undoubtedly cyclical, but judging by the share price, many investors think Home Depot is returning to favor.

Article printed from InvestorPlace Media,

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