Home Depot Shows Signs of Turning the Corner. Is Now a Good Time to Buy the Stock?

From an operational standpoint, Home Depot (NYSE: HD) has been dealing with a difficult environment for the past few years. Same-store sales have declined consistently since the end of 2022. Despite that, the stock has held up well, and is up by around 40% over the past year as of this writing.In its fiscal third quarter, which ended Oct. 27, same-store sales declined again. However, the decline was smaller than expected, and it looks like the company could be set to turn the corner sometime next year. So with a potential turnaround ahead for the business, is this a good time to buy the stock?Home Depot's same-store sales just fell for the eighth straight quarter. That's a streak it will look to break soon. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool