Home Depot: I Know It's Overvalued, But Core Strengths And Technicals Are So Tempting That I Want To Add More (Rating Upgrade)

  • Home Depot remains resilient amid macro headwinds, thanks to strong supply chain diversification, pricing power, and strategic US market positioning. Despite ongoing housing market challenges and a premium valuation, HD's robust liquidity and recent GMS acquisition support its long-term growth outlook. Technical indicators signal early bullish momentum, but I recommend caution due to potential volatility and the stock's current overvaluation.