Jim Cramer Shared His Takes on These 11 Stocks

6. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 104

The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer shared his take on. Noting that the stock is down despite Fed rate cuts, a caller inquired if they should add to their position, sell, or hold. Cramer stated:

“Yes, I would buy more. It’s a big position for my Charitable Trust. Why would I buy more? Because we are going to get more rate cuts, particularly because the president wants them, and he’s going to pick someone who’ll forget all this nonsense you hear. They’re going to cut rates and cut rates dramatically, and you have to be in Home Depot for that because it’s the single best way to play a turnaround in housing. It’s the only one housing-related stock that we have in the trust, and I feel very good about it.”

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. Cramer mentioned the stock during the December 11 episode and said:

“Lower rates spur home building and home buying, and they spur home improvement, which can be financed by a home equity loan… Predictably, Home Depot was really on the move again, even as I’m sure nothing extraordinary is going to happen there with a quarter-point cut. Still, we own it for the Charitable Trust… But long story short, I think the despot works here. Even if ICE, the immigration police, keep prowling their parking lots looking for people to deport. And that has hurt the stock. I know Home Depot’s been doing poorly. Okay, I totally get that. What matters is [that] management just told us that they’d do better if rates came down, and then rates came down. Don’t outthink it. Trust them. I do.”