Jim Cramer is Watching These 4 Stocks Ahead of Earnings and Key Analyst Events

3. Home Depot Inc (NYSE:HD)

Number of Hedge Fund Investors: 70

Jim Cramer said he’d be watching Home Depot Inc (NYSE:HD) as Home Depot Inc (NYSE:HD) reports earnings on Tuesday. Cramer wants Home Depot Inc (NYSE:HD) to announce some “rollbacks” in pricing and say “enough already” to suppliers to force them to cut prices.

“It needs to use its marketing power, its store power, to tell suppliers, enough already! If you want to sell in our stores, you cut prices.”

Cramer advised Home Depot Inc (NYSE:HD) that if it discusses pricing-related measures instead of just talking about its $18 billion acquisition of SRS Distribution, it would do “more business” because Americans need “champions” in their fight against inflation.

ClearBridge Sustainability Leaders Strategy made the following comment about The Home Depot, Inc. (NYSE:HD) in its Q3 2023 investor letter:

“The Home Depot, Inc. (NYSE:HD) has long been a leader in advancing sustainable forestry, and its wood products can have a significant impact, as timber rates at the top of high-risk commodities responsible for most agriculture-related deforestation (Exhibit 3). The home improvement retailer adopted its first wood purchasing policy in 1999, pledging to give preference to sustainably sourced wood and to eliminate wood purchases from endangered regions around the world.

Biodiversity-boosting efforts at Home Depot have included tracing the origin of all the wood products it sells. This forms part of the process of verifying sustainable production, which it does using the certification standards of the Forest Stewardship Council (FSC). Since 2000 Home Depot has developed programs to purchase FSC wood products, such as doors, boards and patio furniture, from over 60 global suppliers. It has also moved more than 90% of its cedar purchases to second-and third-growth forests, with the rest coming from areas with local community stakeholder review.”