Coronavirus Feeds Home Improvement Trend, Stocks to Count on

The COVID-19-induced shelter-at-home orders fuelled the need for home improvement by housebound Americans, thereby driving demand for the said industry.

The home improvement space includes Décor and indoor garden, Painting and wallpaper, Tools and hardware, Building materials, Lighting et al.  Apart from essentials, retailers in this industry are witnessing solid demand for gardening and other in-house activity-related products.

Although states are reopening and people are reporting back to work, the emergence of new cases triggers the fear of a second wave, only to remind us that the deadly virus is not going to subside anytime soon. Rather, the pandemic threat keep people confined to their homes, spurring the obvious requirement for home improvement products.

One of the leading industry players, management at Lowes disclosed that it saw very strong COVID-related demand for cleaning products along with other necessary home appliances, such as refrigerators, freezers and DIY home repair products. As

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3 “Perfect 10” Stocks to Consider When Coronavirus Fears Fade

The fastest stock market decline in history has been followed up by one of the most rapid recoveries. Rallying on economic re-openings and a better-than-expected jobs report, the S&P 500 has basically recovered all of its losses for the year, while the Nasdaq topped 10,000 for the first time ever.

Yet, investors need to be mindful of the potential risks ahead. US stocks tumbled today due to new concerns that the U.S. may be experiencing a second-wave reinfection of Covid-19 cases in certain states. 

So, where does the market go from here? One way to navigate all of the stock market uncertainty is to rely on a more comprehensive stock analysis.

TipRanks offers a Smart Score metric that incorporates 8 unique market factors including analyst ratings and price targets, hedge fund activity, social media trends and other fundamental and technical factors to gauge a stock’s long-term growth prospects. After analyzing

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Should We Be Considering Home Improvement Stocks?

The home improvement duopoly has been thriving amid this stay-at-home initiative. Those home projects we “never had time for” before the quarantine have just made their way to the top of priority lists. With summer coming fast, society stuck at home, and Home Depot (HD) and Lowe’s (LOW) remaining open, we have run out of excuses. Is it time to invest in these outperforming stocks? If we want in, how do we decide between LOW and HD?

Should We Still Consider Investing In Home Improvement?

The markets have priced in a good portion of the tailwinds that the “vital” home improvement giants have been a benefactor of. Both LOW and HD have outperformed the broader S&P 500, but have they run up too much? Is this boost in home improvement sales only a temporary jump?

Both Home Depot and Lowes reported year-over-year sales growth in Q1, boosted by the peculiar

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