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Stock impact report

Should You Ignore Home Depot and Buy This Magnificent Housing Stock Instead? [Yahoo! Finance]

Pentair plc. Ordinary Share (PNR) 
Last pentair plc. ordinary share earnings: 4/30 06:55 am Check Earnings Report
Company Research Source: Yahoo! Finance
Home Depot (NYSE: HD) is an obvious choice and an acceptable and worthy option when people are spending more on their homes. Still, I think pool products and water solutions company Pentair (NYSE: PNR) is arguably a better buy for exposure to the housing market theme. Lower interest rates will inevitably improve Home Depot's prospects. That said, the stock's valuation (about 28 times the Wall Street consensus for earnings in 2024) arguably reflects the expectation that improvement is coming. And, as I previously discussed in an article on Home Depot , Home Depot's customer transactions have declined on a year-over-year basis since the second quarter of 2021. It's a pivotal marker to watch for with Home Depot because price increases might prove difficult to implement in a lower inflationary environment. While Home Depot is worth watching closely, Pentair appears to have upside potential in the near, medium, and long term, and the three reasons to buy it can be considered in those Show less Read more
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