Should You Invest $1,000 in Home Depot Stock Right Now and Hold for 10 Years?

With 2,345 stores in total and trailing-12-month sales of $155 billion, Home Depot (NYSE: HD) is the clear leader in the home improvement industry. Its shares have been a huge winner, producing an unbelievable total return of 211,200% in the past four decades.The business has been dealing with a recent slowdown, though, despite its position in the market. So, should you invest $1,000 in this top retail stock right now and hold for 10 years? Here's what investors need to know before making a decision.In fiscal 2020 and fiscal 2021, Home Depot was able to report strong double-digit revenue growth, which was substantially above its long-term trend. Credit can be given to the COVID-19 pandemic, which brought low interest rates and saw households flush with cash that put more emphasis on renovation projects. Home Depot was a beneficiary.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool