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Analyst Says This is One of the Top Dividend Stocks to Buy for Interest Rate Cut Environment

Kevin Simpson, Capital Wealth Planning founder and CIO, said in a recent program on CNBC that he’s buying Home Depot (NYSE:HD) amid expectations of a rate cut. The analyst sees a new cycle of home renovation coming in the US. “I think it’s just as pure as a lower rate environment because if you think about the retail consumer, we’ve been waiting since the pandemic for massive upgrades—appliances, wall coverings, floor coverings. But it’s not just the retail consumer. If you think about it a little bit fur ...