6 Home Improvement Stocks to Spruce Up Your Portfolio

Home improvement companies are having a moment.

All around the country people remain locked up at home, staring at the same four walls day in and day out because of the pandemic. The desire to improve one’s home, the need for something new and the sheer monotony of remaining indoors all day have led to a surge of interest among consumers in home improvement projects. Do-it-yourself projects and renovations are on the rise around the country. Companies that can supply customers with everything they need to spruce up their homes are enjoying impressive gains as a result. In fact, all six of the companies on this list have enjoyed tremendous growth over the last few months — and the long-term tailwind of an improving housing market gives all six of these home improvement stocks an excellent opportunity to enjoy impressive returns well into the future.

Home Depot (ticker: HD)

Thanks to the huge number of homeowners looking to do a little renovating, Home Depot’s comparable store sales shot up 23.4% year over year in the second quarter. In fact, the second quarter was a blowout across the board; the company reported a 100% increase in digital sales, as well as a 10.1% increase in the average customer ticket. Online or offline, people are turning to Home Depot for their renovation needs more than ever, and buying more per transaction — that’s a winning combination for Home Depot and its shareholders. While Home Depot’s forward price-earnings ratio sits at a relatively high 24.7, investors shouldn’t fret, given the company’s recent performance and future prospects. A 2.13% dividend yield only makes an investment in Home Depot that much sweeter.

Lowe’s (LOW)

Unlike many companies on the market, Lowe’s has had an excellent 2020. Shares have risen nearly 40% year to date, hitting an all-time high back in August after the company announced impressive second-quarter earnings. That report included a 30.1% year-over-year increase in sales, as well as a whopping 75% increase in diluted earnings per share. Other highlights included a 135% increase in Lowes.com sales and an 11.6% increase in the average comparable ticket size. The one-two punch of more online purchases coupled with fuller shopping carts has propelled Lowe’s to new heights. A dividend yield of 1.47% sweetens the deal for investors, who should be excited by what the future will bring for this fast-growing home improvement titan.

Wayfair (W)

While brick-and-mortar retailers around the world have been forced to shut down and absorb the losses, online retailers like Wayfair have never been more profitable. Wayfair provides customers with all the home furnishings they’ll ever need, and customers have flocked to the site in record numbers — in fact, in the second quarter, Wayfair saw nearly 5 million net new customers join its website, which is more than the previous four quarters combined. All of these new customers contributed to a 83.7% year-over-year increase in revenue last quarter, which translated to non-GAAP (generally accepted accounting principles) EPS of $3.13.

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COVID-19 Recovery Analysis: Cordless Garden Equipment Market | Product Innovation And Portfolio Expansion to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cordless garden equipment market and it is poised to grow by $ 512.38 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ANDREAS STIHL AG & Co. KG, Blount International Inc., Deere & Co., Emak Spa, Hitachi Ltd., Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Robert Bosch GmbH, and The Toro Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Product innovation and portfolio expansion has been instrumental in driving the growth of the market. However, fluctuations in raw materials prices might hamper market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Cordless Garden Equipment Market 2020-2024: Segmentation

Cordless Garden Equipment Market is segmented as below:

  • Product
    • Lawn Mower
    • Trimmer And Edger
    • Brush Cutter
    • Chainsaw
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Cordless Garden Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cordless garden equipment market report covers the following areas:

  • Cordless Garden Equipment Market Size
  • Cordless Garden Equipment Market Trends
  • Cordless Garden Equipment Market Industry Analysis

This study identifies numerous marketing campaigns to increase product awareness as one of the prime reasons driving the cordless garden equipment market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Cordless Garden Equipment Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information
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COVID-19 Recovery Analysis: Cordless Garden Equipment Market | Product Innovation And Portfolio Expansion to Boost the Market Growth

LONDON–(BUSINESS WIRE)–Sep 16, 2020–

Technavio has been monitoring the cordless garden equipment market and it is poised to grow by $ 512.38 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005795/en/

Technavio has announced its latest market research report titled Global Cordless Garden Equipment Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ANDREAS STIHL AG & Co. KG, Blount International Inc., Deere & Co., Emak Spa, Hitachi Ltd., Honda Motor Co. Ltd., Husqvarna AB, MTD Products Inc., Robert Bosch GmbH, and The Toro Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.


View market snapshot before purchasing

Product innovation and portfolio expansion has been instrumental in driving the growth of the market. However, fluctuations in raw materials prices might hamper market growth.


Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Download a Free Sample Report on COVID-19 Impacts

Cordless Garden Equipment Market 2020-2024: Segmentation

Cordless Garden Equipment Market is segmented as below:

  • Product
    • Lawn Mower
    • Trimmer And Edger
    • Brush Cutter
    • Chainsaw
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Cordless Garden Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cordless garden equipment market report covers the following areas:

  • Cordless Garden Equipment Market Size
  • Cordless Garden Equipment Market Trends
  • Cordless Garden Equipment Market Industry Analysis

This study identifies numerous marketing campaigns to increase product awareness as one of the prime reasons driving the cordless garden equipment market growth during the next few years.


Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.


Register for a free trial today

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