Home Depot, like most stocks right now are in a dangerous bubble. So, if you enter, you’re gambling. You’re not investing.
Bubbles cause stock prices to outrun the most optimistic scenarios that the company could do, earnings wise. It will come crumbling down.
Go back and check out my videos on bubbles, especially the one in 2000 because we’re living through that again.
That itchiness that you feel to jump in, because of a “fear of missing out” is what’s driving the bubble. Yet it eventually pops and leaves a ton of carnage for those led by greed and that got sucked into it. When it crashes, it devastates a ton of people and their financial accounts.