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Home Depot (HD) Inc. is Poised for an Upward Move
Distillate Capital, an employee-owned investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 19.22% was recorded by the fund for the Q4 of 2020, above both its S&P 500 benchmark that returned 18.4% and the Russell 1000 Value ETF that delivered a 2.67% return. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Distillate Capital, in their Q4 2020 Investor Letter said that they are optimistic in The Home Depot, Inc. (NYSE: HD), and that they acquired a position in the company. The Home Depot, Inc. is a home improvement company that currently has a $304.2 billion market cap. For the past 3 months, HD delivered a 4.78% return and settled at $282.60 per share at the closing of January 26th.