Home Depot Is A Great Portfolio Diversifier, Despite Low Alpha

Justin Sullivan Home Depot (NYSE:HD) is a portfolio staple, and while it should not be considered to be a large contributor to alpha, it remains a key tool to diversify and mitigate risk. I am confident it is one of the best stocks to own for this reason and provides protection from potential volatility in the technology sector, where I invest most heavily. Last Year & 2024 Outlook In Q3 of fiscal 2023, the company reported a 3.0% YoY decrease in sales, a total of $37.7 billion. There was also a decreas ...