Jim Cramer Says “Go With Home Depot”

The Home Depot, Inc. (NYSE:HD) is one of the 25 stocks Jim Cramer recently shared insights on. During the episode, Cramer showed bullish sentiment toward the stock as he said:

“I say go with Home Depot. I know that the last acquisition they just made, GMS Materials for professional contractors, seems a tad hasty, but the SRS deal from last year seems to be working out well. Home Depot is more than just a storied company. It’s a company that reinvents itself regularly, has a strong culture. This time, it’s really gone for the professional, the contractor. More important, it almost always works. Long term, you really don’t want to bet against this one.”

A home improvement store overflowing with a variety of products and supplies.

Home Depot (NYSE:HD) is a home improvement retailer that provides building materials, décor, garden products, installation services, and tool rentals. During a June episode, Cramer commented that it was very hard to own the stock, but his Charitable Trust is sticking with it.

“Next up, retail. Oh man, it’s all over the map, but for the most part, the stocks are awful. Kohl’s looks so troubled. Macy’s can’t get out of its own way, closeout stores Ollie’s just downgraded. Burlington, Ross, TJX, all trading terribly. Target’s been clobbered. Home Depot, ouch. I like it, but it’s very, very hard to own with such a horrendous housing market and a miserable garden season. If you want to own Home Depot, you have to hold your nose and buy it in anticipation of the rate cuts from the Fed. That’s what we’re doing for the Charitable Trust, but it’s a struggle…. We are sticking with it.”

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Disclosure: None.