Top Home Improvement Stocks to Watch as Housing Market Heats Up
The home improvement sector has been gaining attention lately, and MarketBeat's stock screener tool has identified five top stocks in this space to watch. The Home Depot (HD), Lowe's Companies (LOW), Masco (MAS), BED BATH & BEYOND (NXH), and Medallion Financial (MFIN) are the standout performers with high dollar trading volumes over the past few days.
The Home Depot operates as a home improvement retailer in the US and internationally, offering a wide range of products including building materials, home improvement products, lawn and garden products, and décor. Lowe's Companies is another major player in the space, providing a line of products for construction, maintenance, repair, remodeling, and decorating.
Masco Corporation designs, manufactures, and distributes home improvement and building products globally. BED BATH & BEYOND operates as an online retailer selling furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. Medallion Financial Corp. offers loans for consumer purchases of recreational vehicles, boats, and other equipment.
MarketBeat's analysis suggests that these companies' performance may be influenced by housing activity, consumer spending, interest rates, employment, and homeowners' willingness to undertake repairs or remodeling projects.