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Should You Buy This Magnificent Value Stock Right Now?

Should You Buy This Magnificent Value Stock Right Now?

Decades-high inflation and rapidly rising interest rates crushed the market in 2022 as investors soured on speculative stocks in favor of safer assets. Many of these businesses are trading well below their peaks -- among them, home improvement retailer Home Depot (NYSE: HD). Home Depot shares hit an all-time high price of $403.11 in December 2021, but since then, the stock is down 32%.