Home Depot Targeted in Los Angeles Immigration Raids

The Home Depot, Inc. (NYSE:HD) is one of the best Dow stocks to invest in.

Recently, the company has become a focal point in the recent federal immigration raids and the protests that followed in Los Angeles.

Home Depot Targeted in Los Angeles Immigration Raids
Home Depot Targeted in Los Angeles Immigration Raids

On June 6, federal agents targeted a Home Depot in the Westlake area, along with other sites like Ambiance Apparel in downtown L.A., resulting in dozens of arrests. The arrests near The Home Depot, Inc. (NYSE:HD) involved day laborers hired by the store’s customers, such as homeowners and contractors who often rely on undocumented workers for home repairs and construction.

A The Home Depot, Inc. (NYSE:HD) spokesperson confirmed that the company was not informed about the raids beforehand and was not involved in the enforcement actions. The Atlanta-based retailer now faces challenges as its stores have become common targets for raids, which may discourage customers. On June 9, Home Depot’s shares fell 0.6%, closing at $36.20.

While we acknowledge the potential of HD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Biotech Stocks with Huge Upside Potential and 10 Unstoppable Dividend Stocks to Buy Now

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