Stock price when the opinion was issued
The home reno space has been in a slump, because people have been travelling and enjoying experiences. During Covid, they stayed home and renovated, which she feels will return, because there isn't enough housing to buy. So, people will stay in their homes and fix them up. Lower material costs will help. HD and Sherwin Williams are buys now.
They raised their dividend by 18.2%. Home Depot said that consumers are doing lots of home improvement, but not big-ticker jobs that require financing. Still, this will lead to more sales for SHW.