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Home Depot could be positioned to benefit from a “recovering” housing backdrop, Nancy Tengler of Laffer Tengler Investments said Tuesday. The firm’s CEO and chief investment officer joined CNBC’s ” Power Lunch ” to give her insights on the retailer, as well as two other trending stock stories. Here’s what she said during the segment’s “Three-Stock Lunch.” Home Depot Shares of Home Depot jumped around 3% in afternoon trading Tuesday on the back of the retailer’s earnings and revenue for the fiscal fourth quarter topping Wall Street estimates. HD 1D mountain HD, 1-day “We think housing is recovering, and if you look at what’s performing today, it’s consumer discretionary minus Tesla ,” Tengler said. “The consumer is still alive and well.” She also pointed out that Home Depot is a member of her “12 Best Ideas” portfolio. The home improvement retailer is up about 1% in 2025. Apple On Monday, the iPhone maker announced that it is planning to open a new Houston-based factory for artificial intelligence servers as part of a $500 billion investment in the U.S. Apple also said it plans to hire around 20,000 new employees across the country. “Tim Cook took out a playbook from Trump 1.0, and this is his attempt to avoid tariffs,” Tengler said. “I think it’ll probably work.” AAPL mountain 2025-02-24 AAPL, week-to-date The investor thinks the stock is fully valued, saying that she would “label it a hold.” Shares are off a little more than 1% in 2025. ServiceNow ServiceNow has fallen around 13% in 2025, and Tengler thinks this presents a buying opportunity for investors. In fact, the investor disclosed that she added to the name this morning. “You just pick away at it when it gets clobbered, and that’s what we’ve done for the last five years,” the money manager said, adding that ServiceNow is another member of her “12 Best Ideas” list. While the stock has moved lower this year, it is still in positive territory over the past six and 12 months, rising more than 11% and nearly 20% in those respective periods.
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