Why 'Fast Money' trader Tim Seymour says he's buying weakness in Home Depot
Home Depot is down for the year, but Tim Seymour still likes the home improvement name. The founder and chief investment officer of Seymour Asset Management also said it's cheaper than competitor Lowe's , on CNBC's " Fast Money " Tuesday night. "You have a dynamic where people are going to be investing in their homes," he added. "The investments they've made in technology, their pro business – that's margin friendly.
Earlier this month, CNBC Pro highlighted the stock as a high quality name that could come out ahead in a volatile market. Home Depot posted its quarterly results in February, falling short of analysts' expectations on revenue , according to Refinitiv. Fellow "Fast Money" panelist Karen Finerman, founder and CEO of Metropolitan Capital Advisors, said she's invested in both stocks.
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