Home Depot is down 22%+ in the last year admits a tough housing market with rising rates.
The Forward P/E is at19.76x, the cheapest it has been in at least the last five years. Operating and free cash flow are still strong.
At what point would you just adding this stock to your watch list? The company has a moat, and will be ready to pop once the housing market gets back on track. I am not buying it now, but if a dip happens, I would start to look closer.