3 Reasons to Buy Home Depot Now

3 Reasons to Buy Home Depot Now

Home Depot stock has ridden the recovering housing market to an impressive return over the last year. But worries over spiking mortgage rates have investors wondering if this is the end of the home improvement company's string of growth.

In the video below, Fool contributor Demitrios Kalogeropoulos argues that it isn't. He's bullish on Home Depot's stock for three main reasons. First, the home improvement market still has a long way to recover. Second, the company is a cash-generating machine, logging $7 billion in operating cash flow last year. And third, its valuation looks attractive even after it reported a banner quarter of revenue and profit growth. Altogether, the next few years should be good ones for the retailer's shareholders, Demitrios says.

Dividend stocks like Home Depot can make you rich. It's as simple as that. While they don't garner the notoriety of high-flying growth stocks, they're also less likely to crash and burn. And over the long term, the compounding effect of the quarterly payouts, as well as their growth, adds up faster than most investors imagine. With this in mind, our analysts sat down to identify the absolute best of the best when it comes to rock-solid dividend stocks, drawing up a list in this free report of nine that fit the bill. To discover the identities of these companies before the rest of the market catches on, you can download this valuable free report by simply clicking here now.

The article 3 Reasons to Buy Home Depot Now originally appeared on Fool.com.

Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends Home Depot and Lowe's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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