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.

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.

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