Analyst Says This is One of the Top Dividend Stocks to Buy for Interest Rate Cut Environment

Group 1 - Kevin Simpson, founder and CIO of Capital Wealth Planning, is purchasing Home Depot (NYSE:HD) due to expectations of a rate cut and anticipates a new cycle of home renovation in the US [1][2] - The retail consumer has been waiting for significant upgrades in home appliances and coverings since the pandemic, and there is also potential for renovations in multifamily homes and commercial properties as rates decrease [2] - The London Company Large Cap Strategy has exited its position in Home Depot, citing a high valuation of 18.6x trailing EBITDA and a mixed outlook for consumer spending and housing activity, while maintaining exposure through Lowe's [3]