Home Depot: Soaring To New Heights

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

The biggest holding of my late father’s portfolio was Home Depot (HD) which matched its lifetime high today. The big box retailer is sporting a P/E of a little more than 25, and it has been one of the most successful stocks in U.S. history, having come public at a split-adjusted price of about a penny per share.

Here’s the lifetime chart of HD. Pretty jaw-dropping stuff. The next question is whether today will wind up as a double top or simply another high that’ll get swept aside like the thousands before it.

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