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The 10 Best Growth Stocks for Retirement

As we continue to lead longer lives, growth stocks have become an increasingly pivotal part of the retirement pie

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Best Growth Stocks for Retirement: Home Depot (HD)

Retail — at least the traditional kind — is dead. I order nearly all of my clothes, electronics and assorted toys for my kids online.

But there is one retail store that I tend to visit in person, and that is Home Depot Inc (NYSE:HD).

It’s not that I particularly enjoy browsing the aisles for sandpaper, caulking guns or hex wrench sets. It’s just that when I need a random tool, it’s usually because I’m waist-deep in a home project I had no business doing and I need to ask someone for help. I also want to feel the tools in my hands to see how they grip and ask follow-up questions. I often leave the store with an entire different set of tools and materials than I originally intended to buy.

I suppose I could have ordered my hot water heater online when my old one broke a few weeks ago and saved a few bucks. But that also would have meant going without hot water for multiple days, and I wouldn’t have had a lot of faith that I had ordered the right model. HD made my life a lot easier.

There is no retail business that I can credibly say with 100% certainty is “Amazon-proof.” But Home Depot comes awfully close, and it shows in its numbers. Revenues dipped during the 2008 meltdown and the housing bust that followed, but they didn’t stay down for long. Home Depot returned to growth in 2010, and it hasn’t looked back since — including a Q1 earnings report that showed profits jumping 16%.

A decade or two from now, Home Depot probably won’t be expanding at today’s rates. But I think it’s safe to say that HD has many years of solid growth in front of it.

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