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The Home Depot, Inc. (HD), headquartered in Atlanta, Georgia, is a leader in the home improvement industry, providing a broad range of products and services to meet the needs of homeowners, DIY enthusiasts, and professional contractors alike. With a market cap of $407.4 billion, Home Depot is a key player in the consumer discretionary sector, offering everything from building materials and tools to décor and appliances, supporting projects of all sizes across North America.
Home Depot stock has outperformed the broader market over the past year. The stock has gained 33.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 32.3%. However, in 2024, HD stock is up 17.1%, lagging SPX’s 24.7% rise on a YTD basis.
