Peer Comparisons

Over the past year, Home Deport was up 16%, while Lowe's ( LOW) was up 26%, Sherwin-Williams ( SHW) popped 10% and Fastenal ( FAST) was up 16%.

Lowe's: P/E 21.93 with a dividend yield of 1.68%. Analysts issued six strong buy, eight buy, 10 hold, one underperform and a sell recommendation. Earnings expected to increase 17.50% annually over the next five years. Financial Strength A+ and TheStreet rating of B+.

Sherwin-Williams: P/E 24.86 with a dividend yield of 1.21%. Analysts issued two strong buy, one buy, 13 hold and two underperform recommendations. Earnings are projected to increase 14.60% annually for the next five years. Financial Strength is A+ and TheStreet rates the stock B+.

Fastenal: P/E of 36.36 and a dividend yield of .77%. Analysts issued two strong buy, one buy, seven hold and one underperform recommendation. Earnings are estimated to increase by 17.80% annually for five years out.

My recommendation: Home Depot seems like a stock that continues to show improvement in revenue, earnings and stockholder value. The price has positive momentum and if you decide to enter, watch the moving averages and turtle channel to look for signs of over value and an exit point:

Disclosure: At the present time I do not own shares of Home Depot but the stock is on my buy watchlist.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

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