Home Depot: A Retail Giant Weathering Economic Storms

Are you curious why Home Depot keeps thriving no matter what the economy throws at it? Renowned financial expert Jim Cramer has some interesting insights. He calls Home Depot a special stock – both secular and cyclical. That means Home Depot doesn't just rely on economic booms; it can keep growing even when times are tough. Cramer listed four big reasons why Home Depot stays strong. First, there aren't enough new homes for sale, so people are fixing up their old ones. Second, a lot of Millennials are becoming homeowners and will need supplies. Third, there's plenty of home equity money available for renovations. Lastly, Home Depot's professional business benefits from the housing shortage, pushing up new home prices. Even if interest rates don't drop quickly, Home Depot will still do well. In fact, since it started trading in 1981, the stock has grown over a million percent! Cramer says this growth isn't just a flash in the pan. Home Depot has been consistently growing for most of the time since 1981, despite economic ups and downs.