The prices of lumber have been more volatile than usual following the outbreak of COVID-19. And that has consequences for the largest home improvement retailer in the U.S. Recently, Home Depot (HD 2.12%) has thrived as folks have been taking on new projects at a blistering rate. This video will highlight the potential impact of crashing lumber prices on Home Depot stock.
*Stock prices used were the afternoon prices of Oct. 12, 2022. The video was published on Oct. 14, 2022.