Jim Cramer Talked About These 10 Stocks Recently

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

Number of Hedge Fund Holders: 88

Discussing the impact of high bond yields on the housing market, Cramer commented on The Home Depot, Inc. (NYSE:HD) as he said:

“This morning, we got results from Home Depot, which, full disclosure, is an important holding in my Charitable Trust. Even though the quarter was far from perfect and the stock in the afternoon gave up some very big gains from the morning, I thought it was strong in the places that matter… We stuck with Home Depot, though, in part because when I spoke to CEO Ted Decker in mid-March, he was very confident about his ability to mitigate whatever tariffs might come our way…

So the core business is mostly fine, but it’s not, let’s say, beautiful. Still, I’m feeling more confident about Home Depot after these results. So now I’m going to tell you why. Even though again… It’s going to look like I’m on the wrong side of the trade for a moment, but hear me out… There’s what we call the cadence, the way the quarter unfolds from month to month…

The stock pulled back further after the open, and that was probably because we got that spike in interest rates after President Trump indicated that he’s not particularly interested in reigning in the deficit. He just wants some big tax cuts that roiled the whole market… I think it’s worth buying on the weakness, though, because I think it would’ve been up if it weren’t for the fact that President Trump made those comments…

It’s probably too early to start pounding the table in this group, especially since they got clobbered today based on the action in the bond market. But all in all, when we get this budget deficit thing done, when we get a deal, I think you’re going to have to start thinking about buying Home Depot. And I know I’m willing to stick with it…”

Home Depot (NYSE:HD) is a home improvement retailer that sells building materials, home décor, garden products, and maintenance supplies. The company also offers installation services and rents out tools and equipment.