If you believe the boom in housing will continue then you should buy Home Depot (HD). Sometimes with investing you want to keep it simple.

Home Depot is at the center of home improvement. People need to shop to fix up there homes to sell and shop to improve there new home purchase. They also have great resources for small businesses to keep their shops modern and operational.

What has Covid-19 done to Home Depot?

Starting in March, Home Depot management took action to find out what was going on across their 2000 store fronts.

Just 48 hours later the company started offering curbside pickup. This shows that Home Depot remains nimble which is especially important for large companies to continue growing.

Covid-19 created a boom for business with sales growing 7.5% verse the first quarter 2019. August and November were even better with revenue growing 23%. Not being able to travel or leave home has provided the opportunity for many to finish their dream projects.

Home Depot is a nimble company which took the right approach to handle the pandemic and set the company up to handle an influx of new business.

Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.

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