12 Safest Stocks to Buy According to Hedge Funds

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9. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 82

Home Depot, Inc. (NYSE:HD) operates as a home improvement retailer. This company is a great investment prospect due to numerous factors. For example, the company has demonstrated impressive dividend growth. The company has surpassed the sector median of 1.7 years by 782% in 15 consecutive years of increases. Moreover, the company continues to provide unmatched convenience for home improvement shoppers by expanding its delivery capabilities. Customers can select products through Uber Eats and DoorDash, making it easier than ever to access the tools, materials and supplies they need. Lastly, the company has also announced the exclusive availability of the Lifx Luna smart lamp, a new addition to its smart home product lineup.

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