Home Improvement Spree Props E-commerce Stocks: 5 Picks

The coronavirus outbreak has swelled the traffic to online shopping platforms with more people at home due to lockdowns. And the demand for home décor has also gone up significantly with people finding the time to refurbish interiors.

Surge in online shopping of home furnishing products has boosted e-commerce businesses, dealing a massive blow to brick-and-mortar retailers.

Online Delivery Caters to DIY Customers

The use of do-it-yourself (DIY) products in home improvement is lower when compared to work outsourced. With excess time in hand along with the availability of free pick-up and delivery options for online purchases, the demand for DIY home improvement products has grown. Per a Bank of America poll, more than 70% of 1.054 Americans said that they have decided to take up home improvement projects, with more planned for 2021.

Home improvement retailer The Home Depot, Inc. HD recently announced plans of opening three distribution centers

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Coronavirus Feeds Home Improvement Trend, Stocks to Count on

Lynne M. Centeno

The COVID-19-induced shelter-at-home orders fuelled the need for home improvement by housebound Americans, thereby driving demand for the said industry.

The home improvement space includes Décor and indoor garden, Painting and wallpaper, Tools and hardware, Building materials, Lighting et al.  Apart from essentials, retailers in this industry are witnessing solid demand for gardening and other in-house activity-related products.

Although states are reopening and people are reporting back to work, the emergence of new cases triggers the fear of a second wave, only to remind us that the deadly virus is not going to subside anytime soon. Rather, the pandemic threat keep people confined to their homes, spurring the obvious requirement for home improvement products.

One of the leading industry players, management at Lowes disclosed that it saw very strong COVID-related demand for cleaning products along with other necessary home appliances, such as refrigerators, freezers and DIY home repair products. As

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Should We Be Considering Home Improvement Stocks?

Lynne M. Centeno

The home improvement duopoly has been thriving amid this stay-at-home initiative. Those home projects we “never had time for” before the quarantine have just made their way to the top of priority lists. With summer coming fast, society stuck at home, and Home Depot (HD) and Lowe’s (LOW) remaining open, we have run out of excuses. Is it time to invest in these outperforming stocks? If we want in, how do we decide between LOW and HD?

Should We Still Consider Investing In Home Improvement?

The markets have priced in a good portion of the tailwinds that the “vital” home improvement giants have been a benefactor of. Both LOW and HD have outperformed the broader S&P 500, but have they run up too much? Is this boost in home improvement sales only a temporary jump?

Both Home Depot and Lowes reported year-over-year sales growth in Q1, boosted by the peculiar

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