8 days ago
The Motley Fool
With the Federal Reserve hiking interest rates to fight inflation, and economists raising the prospect of a recession, the stock market continues to be in a rough patch. For instance, during the major recession that lasted from late 2007 until mid-2009, Home Depot saw big sales declines. Barring a major recession, I would expect the board of directors to continue raising payments. Investors will find it virtually impossible to time stock purchases at the bottom of the market. But Home Depot, facing only one major competitor (Home Depot isn't just larger than Lowe's, but also generates higher sales per store), has a strong business that should continue propelling long-term sales and profitability growth.
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