HD is a buy; weak housing sentiment is priced in after a ~20% YTD drop, leaving room for upside supported by ongoing construction and a 3.15% yield.

As you know, I mentioned today that there are two that look like winning deals to me, namely IBM and Home Depot. Well, I think a lot of the weak housing market situation with rising interest rates has already been reflected in the Home Depot stock price.

The stock has fallen by almost 20% this year, and the current valuation seems to indicate tremendous upside potential here.

We are seeing a lot of earnings reviews, and there are still many ongoing construction projects. I mean, I don't know. Wherever I went, I traveled a lot here and saw construction work everywhere.

They appear to still dominate the professional contractors sector, and they pay dividends of 3.15% just for holding the stock.

As you know, when you get Home Depot stock at a cheap price, it's usually a good time to buy, and the current trading position on the charts looks like a really good area.

We saw a slight movement yesterday, and I still think we will see this stock rise as we enter the final period of the year.

Yes, I mean, I think Home Depot is a long-term investment, but I also think that getting into the stock now will bring investors good returns over the next six to nine months.