Friday, January 6, 2017

Home Depot and Lowe's Companies are Stocks to Buy and Hold Forever

OK, hands up. I'm cheating. It's supposed to be one stock idea, but The Home Depot, Inc and Lowe's Companies, Inc. are largely interchangeable companies, so in order to diversify stock-specific risk, it's a good idea to buy both of them together. But why are home improvement retailers the kinds of stocks you can buy and hold forever? I'll explain.

The arguments can be split into two separate streams. The first focuses on end markets, and the second on the companies' operational and competitive positioning.

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