8 Best Cyclical Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Investors: 82

The Home Depot, Inc. (NYSE:HD) is the largest home improvement retailer in the United States that offers a wide range of building materials, tools, appliances, and services. The company serves both professional contractors and DIY homeowners through over 2,300 stores and e-commerce platforms.

The Home Depot, Inc. (NYSE:HD) is concentrating on creating a seamless and integrated shopping experience for its customers. Over the past several years, the company has invested in building a robust downstream supply chain, including 19 direct fulfillment centers, which enable same or next-day delivery to 90% of the U.S. population. This infrastructure has been further enhanced by expanding the assortment in these facilities, allowing for faster delivery speeds across a wider range of products. The company has also made significant website enhancements to better communicate these delivery options and has launched a marketing campaign to build awareness and drive greater customer engagement.

The Home Depot, Inc. (NYSE:HD) is also focused on growing its share in the professional market through the Pro Ecosystem which is operational in 17 U.S. markets. This ecosystem includes specialized capabilities and services designed to meet the unique needs of professional contractors. The company has introduced a Pro Customer Experience Manager role to enhance connectivity between in-store and outside sales teams, ensuring a more seamless and exceptional service experience for pro customers. Additionally, The Home Depot, Inc. (NYSE:HD) is improving its data and analytics tools to provide more robust insights to drive deeper engagement and actionable outcomes.