It’s no secret that housing has come under pressure from rising rates and the continued action of the Federal Reserve. But as new home and existing home sales have suffered, an interesting development has occurred. People stuck in their current living situations are spending big to upgrade their current homes and apartments. And that’s been a huge win for our latest Best Consumer Discretionary Dividend Stocks List pick!
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
Our pick is one of the largest home improvement retailers in the nation. Its focus on DIYers and the home improvement market has suited it well during the pandemic and in the current market. Our pick continues to rack up sales as customers look for solutions to improve their living situations. Meanwhile, a focus on energy efficiency and cost reduction has sent consumers into its stores to find new products. Contractors are getting in on the action as well, looking for ways to save money and differentiate themselves from the pack.
And speaking of cost reductions, our pick’s own efforts to beef up its logistics system and use tech in its processes has continued to bear profits and surging margins.
All in all, our home improvement pick continues to be a top notch choice in the consumer discretionary sector.
