Home Depot (NYSE:HD) stock has ridden the recovering housing market to an impressive return over the last year. But worries over spiking mortgage rates have investors wondering if this is the end of the home improvement company's string of growth.

In the video below, Fool contributor Demitrios Kalogeropoulos argues that it isn't. He's bullish on Home Depot's stock for three main reasons. First, the home improvement market still has a long way to recover. Second, the company is a cash-generating machine, logging $7 billion in operating cash flow last year. And third, its valuation looks attractive even after it reported a banner quarter of revenue and profit growth. Altogether, the next few years should be good ones for the retailer's shareholders, Demitrios says. 

Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends Home Depot and Lowe's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.