Jim Cramer on Home Depot: “I Think That This Is a Good Level”

The Home Depot, Inc. (NYSE:HD) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. A caller mentioned that they have held the stock since 2001 and asked whether they should add more to their position. In response, Cramer said:

It’s actually one of the things, now you could say, Jim, you’re not the call on this because you started buying too soon for the Charitable Trust. But I would tell you this, it yields 3%. That is a magical level for Home Depot. I think you can buy more. I know you’re violating your basis, but your basis is just so low. I think that this is a good level. No one thinks that the Fed’s going to cut rates, and that’s why the stock is trading where it is. I think at 20 times earnings in the spring selling season, I think you got a good one.

Photo by Adam Nowakowski on Unsplash

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

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