“We imagine that each Home Depot and Lowe’s are well positioned within the present surroundings and beyond, as we count on home-associated retail developments to stay strong for a while,” wrote analysts led by Michael Baker. “Given Home Depot’s higher reliance on skilled customers, we continue to price HD as neutral, as the longer-time period implications of high unemployment/recession may slow development in professionally-pushed initiatives,” analysts mentioned. Since younger owners are tackling these initiatives in older houses, analysts additionally discovered that spending from millennials outpaced different teams. Bank of America polled 1,054 Americans about their attitudes and purchasing habits throughout coronavirus and found that greater than 70% have decided to tackle home improvement tasks, with extra deliberate for 2021. More individuals are strapping on their device belts and attending to work on home improvement projects during the COVID-19 pandemic, with millennials spending probably the most to get the job carried … Read More