Want to Buy Home Depot Stock? Here's the Key Number Every Investor Should Follow

Some investors are looking at buying The Home Depot (NYSE: HD) stock as a play on the likelihood of a decline in interest rates boosting the housing market and a corresponding increase in spending on home improvement. It's an intriguing idea, but skeptics suggest the housing market recovery may prove sluggish, even in a lower interest-rate environment.For anyone following the home improvement retail giant, here's one key number you should keep an eye on.In my view, Home Depot will indeed enjoy the benefits of a housing recovery, but it will take time to unfold. The key metric for investors to follow is transaction volume growth, rather than comparable sales growth.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool