As inflation levels remain elevated, it's the "wonderful" businesses at a fair price that may be worth nabbing, rather than the fallen knives that are less likely to bounce back quickly. Regardless, strong stewardship and a wide moat in the home improvement space should allow HD stock to see new highs again, irrespective of how severe and long-lasting the next economic downturn is. Conclusion: Investors Expect More from HD Stock Home Depot and Deere are fundamentally-sound firms that deserve their perfect 10 Smart Scores, in my opinion.