Stock Market Sell-Off: Is Home Depot a Buy?
In the case of a historically winning stock like Home Depot (NYSE: HD), which has been beaten down over the past year, it's worth taking a deeper dive into the business. As a result, management at Home Depot has guided for flat sales and a decline in diluted earnings per share in 2023 compared to 2022. Home Depot also faces growing merchandise inventory as consumers tighten their spending.