Jim Cramer on Resideo Technologies: “It’s Kind of Played Out”

Resideo Technologies, Inc. (NYSE:REZI) is one of the stocks Jim Cramer was recently focused on. A caller asked Cramer for his opinion on the use of margin and his thoughts on the stock. He commented:

“I mean, margin, I wouldn’t even use it in the game of Monopoly. You do not want to use margin in stocks. You might as well, you can’t live in a stock if they take it away. I mean, no, margin is no. Okay, now Resideo, interesting idea, interesting spinoff of Honeywell, but it’s kind of played out, it’s had a big move… No to margin.”

Photo by Adam Nowakowski on Unsplash

Resideo Technologies, Inc. (NYSE:REZI) provides comfort, energy management, safety, and security solutions, including smart home products, detection systems, and related software. Moreover, the company distributes low-voltage, security, networking, and connectivity products. During the September 11 episode, Cramer said that its stock is “interesting.” He remarked:

“Okay, so candidly, when it was first spun off, I was not a fan because I did not think rates were going to come down and really be good for the housing market. Now, that’s precisely the kind of stock that you should be buying. I’ve been saying to the club that Home Depot is the best stock to buy right here for the last 40 points. I like it, but I think Resideo is interesting even up here.”

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Disclosure: None. This article is originally published at Insider Monkey.