Think Home Depot Is Too Expensive? Try This Stock Instead

On CNBC's "Fast Money Halftime Report," Stephanie Link discussed some portfolio changes she made. Of them, she mentioned The Home Depot HD.

"We sold The Home Depot. It's too expensive at 26 times forward earnings," said Link.

Home Depot has seen a spike in interest amid the coronavirus pandemic as people look to fill their time with home improvement projects.

Link said she own sD.R. Horton DHI and prefers Stanley Black & Decker SWK to Home Depot "as far as home improvement names."

Black & Decker is a manufacturer of hand and power tools. Its products can be found in many homebuilding stores, including Home Depot.