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The first tip for finding a stock is to look for information on stocks in a field that you have actual knowledge about. It is easier to invest in stocks when you know about the market that stock is in, the factors that drive that market, and the competition that stock of interest might be encountering.
Regarding Home Depot, you might know that the stock is driven by the construction and home improvement industries. You would also know that the market features competition with Lowe’s, True Value, Home Hardware, and many other companies in the United States and Canada. Investigate Home Depot and the competition. Your knowledge of the business will help you feel more confident in the stock you choose.
