Jim Cramer Discussed 10 Stocks After Fed Rate Cut

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1. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 104

The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer discussed after the Fed rate cut. Cramer said that the “despot works here,” as he commented:

“Lower rates spur home building and home buying, and they spur home improvement, which can be financed by a home equity loan… Predictably, Home Depot was really on the move again, even as I’m sure nothing extraordinary is going to happen there with a quarter-point cut. Still, we own it for the Charitable Trust… But long story short, I think the despot works here. Even if ICE, the immigration police, keep prowling their parking lots looking for people to deport. And that has hurt the stock. I know Home Depot’s been doing poorly. Okay, I totally get that. What matters is [that] management just told us that they’d do better if rates came down, and then rates came down. Don’t outthink it. Trust them. I do.”

The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that sells tools, building materials, and decor. It also provides installation and equipment rental services.

While we acknowledge the potential of The Home Depot, Inc. (NYSE:HD) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HD and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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