If You Invested $1000 In This Stock 20 Years Ago, You Would Have $9,600 Today
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) has significantly outperformed the market over the past 20 years, with an annualized return of 11.88%. A $1000 investment in HD 20 years ago would be worth $9,627.84 today. The article highlights the power of compounded returns over time.
September 06, 2024 | 7:02 pm
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Home Depot has shown strong long-term performance, outperforming the market with an 11.88% annualized return over 20 years. A $1000 investment 20 years ago would now be worth $9,627.84.
The article highlights Home Depot's strong historical performance, which may positively influence investor sentiment and stock price in the short term. The focus on compounded returns underscores the company's potential for long-term growth.
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