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Mississippi lawmaker proposed paying bounty hunters for helping depot illegal immigrants
Matthew Barton, a Mississippi district attorney, is proposing a bill that would pay bounty hunters for assistance in deporting illegal immigrants.
Under the terms of House Bill 1484, the state would create the Mississippi Illegal Alien Certified Bounty Hunter Program, which would pay a $1,000 reward to registered bounty hunters for each successful deportation they facilitate.
“This legislation is about keeping Mississippi communities safe,” said Republican state Rep. Justin Keen, who authored the bill.
White House Press Secretary Karoline Leavitt released this image Friday, writing on X that “deportation flights have begun.” A Mississippi lawmaker is proposing paying bounty hunters to help deport illegal immigrants. (White House)
“We’ve seen firsthand the danger posed by bad actors and violent criminals who enter this country illegally, like the innocent life of Laken Riley,” he added. “President Trump’s administration has made it clear that deporting illegal immigrants is a priority, and we are proud to do our part here in Mississippi to help support his agenda and protect our citizens.”
Funding for the proposed program would come from the general assembly and be administered by the state treasurer.
The intention, Keen said, is to encourage collaboration between law enforcement and private citizens in identifying illegal immigrants in the state. It would also alleviate financial burdens on Mississippi taxpayers, who bear the costs of illegal immigration, a press release states.
TRUMP’S ICE NABS CHILD SEX OFFENDERS AMONG 530+ ILLEGAL IMMIGRANTS CAUGHT IN SINGLE DAY
ICE and ERO officers detaining one of 216 illegal immigrants who have been convicted of drug dealing or drug possession. Around 1.4 million illegal immigrants in the United States have deportation orders against them, a U.S. official said. (Todd Packard, Immigration and Customs Enforcement (ICE) )
The bill comes as the Trump administration continues to tout tougher policies to combat illegal migration into the United States, as well as crime. Federal immigration authorities have made hundreds of arrests this week of illegal immigrants with criminal histories.
“When President Trump took office this week, he immediately recognized the emergency at our borders, rolling out executive orders to combat illegal immigration and cartels,” DeSoto County District Attorney Matthew Barton said in a statement. “This legislation builds upon that foundation, empowering local leaders and communities to support federal efforts in protecting our citizens.”
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“Legal immigration is a cornerstone of America, and we must ensure that our borders are secure and that the safety of Mississippians comes first,” Barton continued.
Recently, a Mississippi lawmaker has proposed a controversial new bill that would pay bounty hunters for assisting in the deportation of illegal immigrants. The bill, which has sparked heated debate among politicians and citizens alike, aims to incentivize individuals to help enforce immigration laws and crack down on undocumented individuals living in the state.Under the proposed legislation, bounty hunters would receive a monetary reward for each illegal immigrant they successfully locate and turn over to immigration authorities. Supporters of the bill argue that this would help alleviate the burden on law enforcement agencies and ensure that immigration laws are being enforced effectively.
However, critics have raised concerns about the potential for abuse and exploitation under such a system. They argue that paying individuals to hunt down and deport immigrants could lead to racial profiling and violations of civil rights.
As the debate continues to unfold, it remains to be seen whether this controversial bill will gain traction and become law in Mississippi. Stay tuned for updates on this developing story.
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Mississippi lawmaker, bounty hunters, illegal immigrants, deportation, immigration laws, immigration policy, bounty hunter proposal, Mississippi legislation
#Mississippi #lawmaker #proposed #paying #bounty #hunters #helping #depot #illegal #immigrantsUkraine war briefing: Ukraine drones hit Russian oil depot; Trump floats fresh Russia sanctions | Ukraine
People in Kyiv expressed a mixture of hope and scepticism on Tuesday that Donald Trump can end the war in Ukraine, Luke Harding writes. “I think a deal is unrealistic. Trump is blah blah blah,” said Valeriia, a 23-year-old shop worker. “He promised to end the conflict in 24 hours. That won’t happen. My friends are split 50-50 between those who think he can do something, and those who don’t.” Mykola, a retired physicist who used to live in the US, said: “I watched the inauguration on TV. Trump impressed me. We need to stop the war. I think he can really do something. He’s made a ceasefire in Israel and Gaza.”
More than 200 Ukrainian civilians including elderly people, people with disabilities and their carers remain in the frontline stronghold of Chasiv Yar under heavy Russian assault, a military spokesman said on Tuesday. Dmytro Zaporozhets, spokesman for the “Lugansk” group of forces, said Russian attacks meant it was no longer possible for the Ukrainian military administration to organise shelters or distribute food to the remaining residents. Ukraine still controls a former brick factory in Chasiv Yar, after a recent attempted Russian assault failed, the spokesman said, but Moscow’s troops were “moving in the direction of the factory” using “small assault groups of three to eight people”, Zaporozhets said.
The Russian defence ministry said on Tuesday that its forces had captured the settlement of Volkove in the eastern Donetsk region, a village that had an estimated pre-war population of around two dozen people. Further north, in the town of Kupiansk, a Russian drone attack wounded three Ukrainian policemen and two elderly residents, police said. The Russian army is around 2km outside the town, according to officials and loggers. The head of the national rail service meanwhile said Russian forces attacked railway infrastructure in the south of eastern Donetsk region, wounding three staff members.
In the latest developments in the ongoing conflict between Ukraine and Russia, Ukrainian drones have reportedly targeted a Russian oil depot in a strategic move to disrupt Russian supply lines. The attack comes as tensions continue to escalate between the two countries.Meanwhile, former US President Donald Trump has suggested imposing fresh sanctions on Russia in response to the escalating situation in Ukraine. Trump’s comments come as world leaders are calling for a united front against Russian aggression.
The situation in Ukraine remains fluid and volatile, with both sides engaging in military maneuvers and diplomatic efforts to seek a resolution to the conflict. The international community is closely monitoring the situation and working towards a peaceful resolution to the crisis.
Stay tuned for more updates on the Ukraine war as the situation continues to develop. #UkraineWar #Russia #DonaldTrump #Sanctions
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Ukraine war, Ukraine drones, Russian oil depot, Trump, Russia sanctions, Ukraine conflict, international relations, current events, global news, political updates
#Ukraine #war #briefing #Ukraine #drones #hit #Russian #oil #depot #Trump #floats #fresh #Russia #sanctions #UkraineContract Awarded For Depot Lot Project In Downtown Howell
January 22, 2025
Jessica Mathews / news@whmi.com
The Depot Lot Reconstruction Project is moving forward with plans for a spring start in downtown Howell.
City Manager Erv Suida told WHMI they opened bids, which came in very favorable. A bid award has been conditionally approved by Council with C.E. Gleeson Contractors for an amount not to exceed $8.2 (m) million – contingent on approval from MEDC and HUD. It was the low bidder and has experience in similar work.
Suida said there are still some processes left to go through with their grants before they can enter into final agreements but from a Council standpoint, it’s been approved.
The City secured grant funding totaling $2,750 for the project.
Construction on the project will be taking place this year. Suida noted contractors are anxious to get started – maybe not so much physically but there’s a long lead time on certain items and they want to get them ordered to be ready for a spring start.
As a refresher, the project will bring 196 parking spots to the northwest quadrant of downtown. It will feature a pavilion that will house an ice skating rink in the winter, with a room available for rent for get-togethers. The goal is also to have skate rentals and sharpening available.
Suida said they are going to make it a really dynamic public space. It will have a water feature and fountains kids can play in, but not a splash pad. There will also be three fire features with large public gathering spots.
Associated is the “Parking Lot 10” project, on the west side of the Depot Lot that’s sort of a grassy field. That area along with Wetmore Street will be converted into the additional parking. The new parking lot will permanently close Wetmore Street, east of Civic Street, and add 136 spots. It will also feature two EV charging stations, some drought-tolerant landscaping, and a dumpster enclosure.
Suida said that lot will supplement the parking needs the downtown has and also the use at the Depot Lot that they hope to see.More project information is in the provided link.
We are excited to announce that a contract has been awarded for the Depot Lot Project in downtown Howell! This project has been in the works for some time now, and we are thrilled to see it moving forward.The Depot Lot Project will transform the current vacant lot into a vibrant community space that will serve as a gathering place for residents and visitors alike. The project will include landscaping, seating areas, and other amenities that will make the space both functional and beautiful.
We are confident that the contractor we have selected will do an excellent job bringing our vision for the Depot Lot to life. We can’t wait to see the finished product and hope that it will be a welcome addition to the downtown area.
Stay tuned for updates on the progress of the Depot Lot Project, and be sure to come check out the finished space once it is complete. Thank you to all who have been involved in making this project a reality!
Tags:
- Downtown Howell depot lot project
- Contract awarded for downtown Howell project
- Howell depot lot construction update
- Downtown Howell development news
- Howell depot lot renovation contract
- Downtown Howell construction update
- Howell depot lot project update
- City of Howell construction project
- Downtown Howell revitalization project
- Howell depot lot redevelopment contract
#Contract #Awarded #Depot #Lot #Project #Downtown #Howell
Office Depot® Brand Cleaning Dusters, 10 Oz, Pack Of 12
Price:$64.09– $36.99
(as of Jan 22,2025 01:48:24 UTC – Details)
Remove dirt and debris from your keyboard, USB interfaces and other electronic components with Office Depot cleaning duster. The aerosol can features compressed gas to dislodge and dust away fine particles, and the unique formula is free from moisture and residue for a clean finish. This Office Depot cleaning duster includes a bitterant for added safety and a plastic extension tube for targeted application. You must be 18 years or older to purchase this product. Compressed gas removes fine debris from electronics. Moisture-free formula allows for safe equipment cleaning. Aerosol can makes application simple. Bitterant provides an added safety measure. Includes a plastic extension tube for hard-to-reach spaces. 10-oz. can. Pack of 12.
Remove dirt and debris from your keyboard, USB interfaces and other electronic components with Office Depot cleaning duster. The aerosol can features compressed gas to dislodge and dust away fine particles, and the unique formula is free from moisture and residue for a clean finish. This Office Depot cleaning duster includes a bitterant for added safety and a plastic extension tube for targeted application.
You must be 18 years or older to purchase this product.
Compressed gas removes fine debris from electronics.
Moisture-free formula allows for safe equipment cleaning.
Aerosol can makes application simple.Customers say
Customers find the canned air to be a good value for the price. It works well for cleaning dust and dirt from small spaces like keyboards. They appreciate its cleaning power and air pressure. Many customers say it lasts well and extends fan life. While most customers find it easy to use, some have mixed opinions on its sturdiness and spray power.
AI-generated from the text of customer reviews
Keep your workspace clean and dust-free with Office Depot® Brand Cleaning Dusters! This pack of 12 10 oz dusters is perfect for keeping your office equipment, shelves, and surfaces free of dust and debris.The Office Depot® Brand Cleaning Dusters are easy to use and effective at removing dust and dirt from hard-to-reach places. The convenient pack of 12 ensures that you always have a duster on hand when you need it.
Say goodbye to dusty keyboards, monitors, and other office equipment with Office Depot® Brand Cleaning Dusters. Keep your workspace clean and organized with this essential cleaning tool.
#Office #Depot #Brand #Cleaning #Dusters #Pack,zezzofan compressed air dusterStarSun Depot Ciara 80% Perfume By Eau De Cologne/Toilette Spray 2.3 oz
Price:$19.99– $17.90
(as of Jan 20,2025 11:31:50 UTC – Details)
StarSun Depot Ciara 80 Perfume By Eau De Cologne Toilette Spray 2 3 oz StarSun Depot Perfume Ciara 80 de Eau De Cologne Toilette Espray 2 3 oz
Package Dimensions : 5.67 x 2.32 x 2.01 inches; 2.3 ounces
UPC : 731400224535
ASIN : B0C6RCTS86
Introducing StarSun Depot Ciara 80% Perfume By Eau De Cologne/Toilette Spray 2.3 oz!Get ready to elevate your fragrance game with this luxurious and captivating scent. The Ciara 80% Perfume is a timeless classic that exudes elegance and sophistication. With its long-lasting formula, you can enjoy the beautiful notes of citrus, floral, and musk throughout the day.
Whether you’re heading to a special event or simply want to add a touch of glamour to your everyday routine, this perfume is the perfect choice. The 2.3 oz bottle is the ideal size for carrying in your purse or keeping on your vanity for a quick spritz whenever you need a pick-me-up.
Don’t miss out on this must-have fragrance – shop StarSun Depot Ciara 80% Perfume By Eau De Cologne/Toilette Spray 2.3 oz now! #StarSunDepot #CiaraPerfume #EauDeCologne #ToiletteSpray #LuxuryFragrance
#StarSun #Depot #Ciara #Perfume #Eau #CologneToilette #Spray,mavro perfumeOffice Depot Cleaning Duster, 10 Oz., Pack Of 6, UDS-10MS-P6
Price:$37.49– $26.99
(as of Jan 19,2025 17:14:26 UTC – Details)
Remove dirt and debris from your keyboard, USB interfaces and other electronic components with Office Depot cleaning duster. The aerosol can features compressed gas to dislodge and dust away fine particles, and the unique formula is free from moisture and residue for a clean finish. This Office Depot cleaning duster includes a bitterant for added safety and a plastic extension tube for targeted application. You must be 18 years or older to purchase this product. Compressed gas removes fine debris from electronics. Moisture-free formula allows for safe equipment cleaning. Aerosol can makes application simple. Bitterant provides an added safety measure. Includes a plastic extension tube for hard-to-reach spaces. 10-oz. can. Pack of 6.
Removes dust, dirt and lint from hard-to-reach places
You must be 18 years or older to purchase this product.
Compressed gas removes fine debris from electronics.
Moisture-free formula allows for safe equipment cleaning.
Aerosol can makes application simple.Customers say
Customers find the product effective for removing dust and small debris from various items. They appreciate its value for money, high air pressure, and durability. However, some customers have issues with the smell.
AI-generated from the text of customer reviews
Introducing the Office Depot Cleaning Duster, 10 Oz., Pack Of 6, UDS-10MS-P6!Keep your workspace spotless with this convenient pack of 6 cleaning dusters. Perfect for removing dust and debris from keyboards, screens, and other electronics, these dusters are essential for maintaining a clean and organized office environment.
With a 10 oz. size, these dusters are easy to handle and provide long-lasting cleaning power. Say goodbye to pesky dust bunnies and hello to a sparkling clean workspace with the Office Depot Cleaning Duster, 10 Oz., Pack Of 6, UDS-10MS-P6. Order yours today!
#OfficeDepot #CleaningDuster #OfficeEssentials #CleanWorkspace #Productivity
#Office #Depot #Cleaning #Duster #Pack #UDS10MSP6,zezzofan compressed air duster
Depot Cleaning Duster for Keyboard: Computer Air Duster for Electronic Keyboard – Keyboard Cleaner 3 PCS.
Price:$23.99– $21.99
(as of Jan 04,2025 15:15:35 UTC – Details)
1
Cleaner for Concealed Areas :BERIOVE keyboard cleaner air spray can remove hard-to-reach dust and debris from electronic devices or cars. Compared to electric computer air dusters, the computer air duster cleans faster, more thoroughly, and is easier to use.
GOOD AIRDUSTER: The small size of the bulk condensed air spray for computers makes it easy to carry it anywhere, and the computer air duster can be used in your office, depot, automotive or outdoor cleaning.
MULTIPURPOSE: BERIOVE keyboard cleaner air spray can be used to dust clean a variety of electronic devices such as computer, ps5,cameras and laptop. Computer air duster Blower are also ideal for cleaning dust from desk surfaces.
SAFE CLEANING: BERIOVE air duster for pc blower is of good mass and equipped with a sturdy safety catch and extension tube to prevent accidental spraying. Pc air duster nozzle has strong pressure, no special odor and no residue.
WELL SERVICE: Keyboard cleaner air spray can be assembled and cleaned for ease of use. BERIOVE is committed to manufacturing high quality gas and air spray. If you have any questions, please come to consult.
Looking for a quick and easy way to clean your electronic keyboard? Look no further than the Depot Cleaning Duster for Keyboard! Our Computer Air Duster is the perfect solution for keeping your keyboard clean and dust-free.With our Keyboard Cleaner 3 PCS set, you’ll have everything you need to ensure your keyboard stays in top condition. The specially designed duster can reach even the tightest spaces between keys, making it easier than ever to remove dust, crumbs, and other debris.
Don’t let a dirty keyboard slow you down – invest in the Depot Cleaning Duster for Keyboard today and enjoy a clean and efficient workspace!
#Depot #Cleaning #Duster #Keyboard #Computer #Air #Duster #Electronic #Keyboard #Keyboard #Cleaner #PCS,zezzofan compressed air dusterBest Stock to Buy Now: Amazon vs. Home Depot
E-commerce leader Amazon(NASDAQ: AMZN) trounced the market in 2024, with its share price climbing 45% compared to the S&P 500‘s (SNPINDEX: ^GSPC) 24% gains (as of this writing). Meanwhile, Home Depot‘s (NYSE: HD) shares struggled, gaining just 12.4% for the year amid a slowdown in DIY home improvement spending.
Both of these consumer goods companies are leaders in their respective markets and, while their current share price gains don’t compare, either could be great long-term investments. But which is the better buy right now? Let’s take a look.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks »
Image source: Getty Images.
The case for Amazon
Amazon is, of course, a dominant e-commerce company that also has its hands in a range of things from cloud computing to artificial intelligence (AI). While not all of its endeavors are successful, many avenues Amazon pursues often work out well for the company, making the stock a no-brainer buy for many investors.
Consider that Amazon has 40% of the U.S. e-commerce market, easily outpacing rival Walmart, which has just over 7% market share. This lead translates to massive sales, with North American revenue rising 9% in the third quarter (ended Sept. 30) to $95.5 billion.
Amazon recently launched a new, lower-priced version of its marketplace called Amazon Haul to maintain its lead and fight off increasing competition. The mobile-only e-commerce platform is Amazon’s answer to China-based Temu (owned by PDD Holdings) and gives U.S. customers access to items priced under $20.
That move should help Amazon stay even more competitive in e-commerce, but it’s the company’s cloud computing business, Amazon Web Services (AWS), that is the true key to its success.
AWS’ operating income rose nearly 50% in the third quarter to $10.4 billion, and Amazon likely has many more years of AWS growth ahead of it. The company already holds 31% of the cloud computing market, and spending on cloud data centers is accelerating. Goldman Sachs estimates revenue from the entire cloud computing market will reach $2 trillion by 2030, thanks to a rapid increase in AI spending.
Some investors may overlook Amazon because they believe its best days are behind it, but with the company’s continued dominance in e-commerce and its expanding cloud operating income as AI investments accelerate, there’s likely more growth ahead for Amazon.
The case for Home Depot
Home Depot is the leader in DIY home improvement, with more than $40 billion in sales in the third quarter (ended Oct. 27), compared to rival Lowe’s $20 billion in revenue. But despite its lead, Home Depot is struggling a bit.
The company’s same-store sales fell 1.3% compared to the year-ago quarter, an indication that customers aren’t as eager to walk through its doors and make purchases as they were this time last year. Home Depot management doesn’t expect the remainder of the year to be much better, estimating a 2.5% decline in comparable sales for the fiscal year.
The North American home improvement market was worth $667 billion in 2023 and will reach an estimated $1.2 trillion by 2032. While Home Depot will benefit from this, the current slowdown in customer spending means the company will have to wait a little longer before customers are eager to jump into DIY projects again.
“We continue to see pressure on larger remodeling projects, driven by the higher interest rate environment and continued macroeconomic uncertainty,” Home Depot CEO Ted Decker said during the most recent earnings call. Decker is optimistic that demand will return to normal, but added, “We just don’t think we’re quite there yet.”
The verdict: Amazon is the better buy now
Home Depot’s shares have a forward price-to-earnings ratio of 24.8, compared to Amazon’s forward P/E ratio of 35.7. That makes Home Depot’s stock less expensive than Amazon’s, but I still don’t think it’s the better buy.
If the housing market has shown anything over the past few years, it’s that no one can reliably predict where it’s going. Home Depot’s management doesn’t seem confident that it’s out of the woods just yet with comparable-store sales slowdowns, which means it might be better to put your money toward Amazon’s stock for now.
Of course, if you’re willing to be patient for home improvement spending to increase again, adding some Home Depot stock amid its recent share price pullback probably isn’t a bad idea either.
Should you invest $1,000 in Amazon right now?
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Goldman Sachs Group, Home Depot, and Walmart. The Motley Fool recommends Lowe’s Companies. The Motley Fool has a disclosure policy.
When it comes to investing in retail giants, two companies stand out as potential winners: Amazon and Home Depot. Both companies have shown strong growth and profitability in recent years, making them attractive options for investors looking to add a solid stock to their portfolio.Amazon, the e-commerce behemoth, has seen its stock price soar in recent years as more and more consumers turn to online shopping. The company’s Prime membership program, cloud computing services, and expansion into new markets like grocery delivery have all contributed to its success. With a market cap of over $1 trillion, Amazon is a force to be reckoned with in the retail industry.
On the other hand, Home Depot has also seen impressive growth, benefiting from a strong housing market and consumer spending on home improvement projects. The company has a loyal customer base and a strong presence in the home improvement industry, making it a solid choice for investors looking for stability and growth potential.
So, which stock is the better buy right now? While both companies have their strengths, Amazon’s aggressive expansion and dominance in the e-commerce space make it a compelling choice for investors looking for high growth potential. However, Home Depot’s strong performance in the home improvement sector and stable dividend payouts make it a safer bet for those looking for steady returns.
Ultimately, the best stock to buy now will depend on your investment goals and risk tolerance. Both Amazon and Home Depot offer unique opportunities for investors, so it’s important to carefully consider your options before making a decision.
Tags:
- Stock market analysis
- Investing tips
- Amazon stock
- Home Depot stock
- Top stocks to buy
- Stock comparison
- Investment opportunities
- Stock market trends
- Best stock picks
- Financial advice
#Stock #Buy #Amazon #Home #Depot
Best Stock to Buy Now: Amazon vs. Home Depot
E-commerce leader Amazon (NASDAQ: AMZN) trounced the market in 2024, with its share price climbing 45% compared to the S&P 500‘s (SNPINDEX: ^GSPC) 24% gains (as of this writing). Meanwhile, Home Depot‘s (NYSE: HD) shares struggled, gaining just 12.4% for the year amid a slowdown in DIY home improvement spending.
Both of these consumer goods companies are leaders in their respective markets and, while their current share price gains don’t compare, either could be great long-term investments. But which is the better buy right now? Let’s take a look.
Image source: Getty Images.
Source Fool.com
When it comes to investing in stocks, two companies that stand out are Amazon and Home Depot. Both have seen significant growth and success in recent years, but which one is the better buy right now? Let’s take a closer look at both companies to determine the best stock to buy.Amazon:
– Amazon is a global e-commerce giant that has revolutionized the way people shop online. The company’s stock has seen steady growth over the years, making it a favorite among investors.
– Amazon’s revenue and profits have continued to grow, driven by its expanding product offerings, strong customer base, and innovative technology.
– The company’s cloud computing business, Amazon Web Services (AWS), has also been a major driver of growth and profitability.
– Amazon’s stock price has been on an upward trend, with many analysts predicting further gains in the future.Home Depot:
– Home Depot is a leading home improvement retailer with a strong presence in the US and Canada. The company has seen impressive growth in recent years, driven by a booming housing market and increased consumer spending on home improvement projects.
– Home Depot’s revenue and profits have continued to grow, fueled by strong sales and a loyal customer base.
– The company has also been investing in its online capabilities, which have helped drive e-commerce sales and reach new customers.
– Home Depot’s stock price has also been on an upward trend, with many analysts bullish on its future prospects.In conclusion, both Amazon and Home Depot are solid companies with strong growth potential. However, Amazon may have a slight edge due to its diversified business model and strong growth in online sales. That being said, Home Depot’s focus on the home improvement sector and strong customer loyalty make it a compelling investment as well. Ultimately, the best stock to buy now will depend on your investment goals and risk tolerance. It may be wise to consider both companies as part of a diversified portfolio for long-term growth and stability.
Tags:
- Best stocks to buy now
- Amazon stock analysis
- Home Depot stock comparison
- Amazon vs. Home Depot stock
- Investing in Amazon and Home Depot
- Stock market trends
- Top stocks to invest in
- Amazon stock forecast
- Home Depot stock performance
- Stock market analysis
#Stock #Buy #Amazon #Home #Depot
Best Stock to Buy Now: Amazon vs. Home Depot
E-commerce leader Amazon (AMZN 2.17%) trounced the market in 2024, with its share price climbing 45% compared to the S&P 500‘s (^GSPC 0.77%) 24% gains (as of this writing). Meanwhile, Home Depot‘s (HD 0.78%) shares struggled, gaining just 12.4% for the year amid a slowdown in DIY home improvement spending.
Both of these consumer goods companies are leaders in their respective markets and, while their current share price gains don’t compare, either could be great long-term investments. But which is the better buy right now? Let’s take a look.
Image source: Getty Images.
The case for Amazon
Amazon is, of course, a dominant e-commerce company that also has its hands in a range of things from cloud computing to artificial intelligence (AI). While not all of its endeavors are successful, many avenues Amazon pursues often work out well for the company, making the stock a no-brainer buy for many investors.
Consider that Amazon has 40% of the U.S. e-commerce market, easily outpacing rival Walmart, which has just over 7% market share. This lead translates to massive sales, with North American revenue rising 9% in the third quarter (ended Sept. 30) to $95.5 billion.
Amazon recently launched a new, lower-priced version of its marketplace called Amazon Haul to maintain its lead and fight off increasing competition. The mobile-only e-commerce platform is Amazon’s answer to China-based Temu (owned by PDD Holdings) and gives U.S. customers access to items priced under $20.
That move should help Amazon stay even more competitive in e-commerce, but it’s the company’s cloud computing business, Amazon Web Services (AWS), that is the true key to its success.
AWS’ operating income rose nearly 50% in the third quarter to $10.4 billion, and Amazon likely has many more years of AWS growth ahead of it. The company already holds 31% of the cloud computing market, and spending on cloud data centers is accelerating. Goldman Sachs estimates revenue from the entire cloud computing market will reach $2 trillion by 2030, thanks to a rapid increase in AI spending.
Some investors may overlook Amazon because they believe its best days are behind it, but with the company’s continued dominance in e-commerce and its expanding cloud operating income as AI investments accelerate, there’s likely more growth ahead for Amazon.
The case for Home Depot
Home Depot is the leader in DIY home improvement, with more than $40 billion in sales in the third quarter (ended Oct. 27), compared to rival Lowe’s $20 billion in revenue. But despite its lead, Home Depot is struggling a bit.
The company’s same-store sales fell 1.3% compared to the year-ago quarter, an indication that customers aren’t as eager to walk through its doors and make purchases as they were this time last year. Home Depot management doesn’t expect the remainder of the year to be much better, estimating a 2.5% decline in comparable sales for the fiscal year.
The North American home improvement market was worth $667 billion in 2023 and will reach an estimated $1.2 trillion by 2032. While Home Depot will benefit from this, the current slowdown in customer spending means the company will have to wait a little longer before customers are eager to jump into DIY projects again.
“We continue to see pressure on larger remodeling projects, driven by the higher interest rate environment and continued macroeconomic uncertainty,” Home Depot CEO Ted Decker said during the most recent earnings call. Decker is optimistic that demand will return to normal, but added, “We just don’t think we’re quite there yet.”
The verdict: Amazon is the better buy now
Home Depot’s shares have a forward price-to-earnings ratio of 24.8, compared to Amazon’s forward P/E ratio of 35.7. That makes Home Depot’s stock less expensive than Amazon’s, but I still don’t think it’s the better buy.
If the housing market has shown anything over the past few years, it’s that no one can reliably predict where it’s going. Home Depot’s management doesn’t seem confident that it’s out of the woods just yet with comparable-store sales slowdowns, which means it might be better to put your money toward Amazon’s stock for now.
Of course, if you’re willing to be patient for home improvement spending to increase again, adding some Home Depot stock amid its recent share price pullback probably isn’t a bad idea either.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Goldman Sachs Group, Home Depot, and Walmart. The Motley Fool recommends Lowe’s Companies. The Motley Fool has a disclosure policy.
When it comes to investing in stocks, two companies that often come up in discussions are Amazon and Home Depot. Both are well-established and successful companies, but which one is the better buy right now?Amazon, the e-commerce giant, has seen tremendous growth in recent years and continues to dominate the online retail space. With a diverse range of products and services, Amazon has become a one-stop shop for many consumers. The company’s cloud computing division, Amazon Web Services, also provides a steady stream of revenue. With the shift towards online shopping only increasing, Amazon’s stock has the potential for long-term growth.
On the other hand, Home Depot, the home improvement retailer, has also seen strong performance in recent years. With a focus on providing quality products and excellent customer service, Home Depot has become a go-to destination for homeowners and DIY enthusiasts. The company’s strong financials and consistent growth make it a reliable investment option.
Ultimately, the decision between Amazon and Home Depot comes down to your investment goals and risk tolerance. Amazon may offer higher growth potential but also comes with higher volatility, while Home Depot provides stability and a reliable dividend yield. It’s important to carefully research and consider your options before making any investment decisions.
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