Jim Cramer Says Home Depot Is One of His Two Worst Stocks

The Home Depot, Inc. (NYSE:HD) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer noted that it has been one of the worst stocks in his portfolio, as he commented:

There’s one other place we gotta listen to, and that’s homes and home repairs. That means Home Depot and Lowe’s. Sure enough, their stocks tell a clear, disappointing story with Lowe’s falling 1.5% and Home Depot, Charitable Trust name, hitting the new low list and doing so in a spectacular fashion, dropping 2.4%. What an awful stock that is. That and Nike are my two worst, and I have to wear them every time like a steamer trunk on my back.

Photo by Chris Liverani on Unsplash

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. A caller inquired about the stock during the April 2 episode, and Cramer replied:

Okay, we were very disappointed in the action in Home Depot today. Finished down eight, it hit its 52-week low. The company yields almost 3%. I turned to Jeff Marks, who works with me for my Charitable Trust, I said maybe we should buy some, but we’re a little beaten down on it.

We didn’t want to buy it anymore right now. We need to see mortgage rates lower, and we don’t have them yet. I’m not giving up on Home Depot, but there are issues involving ICE, too, that really hurt them. But I do want to say that I regard it now as one of the most problematic positions in my portfolio, along with Nike. Those are the two I’m most worried about.

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