The Home Depot, Inc. (HD)’s On A “Buying Spree,” Says Jim Cramer

We recently published Jim Cramer Reveals His Trading Strategy For H2 2025 & Discusses These 16 Stocks. The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer recently discussed.

The Home Depot, Inc. (NYSE:HD) is a frequent appearance on Cramer’s morning show. Cramer is generally optimistic about the firm and has praised its business model in earlier appearances. The CNBC host has also bemoaned the impact of high interest rates on the gardening market which led The Home Depot, Inc. (NYSE:HD) to miss out on some very important gardening season spending this spring. His latest comments revolved around the firm’s announcement of a building products firm for a $4.3 billion price tag:

“Home Depot’s been on a buying spree. They bought SRS, they bought GMS. Should we be thinking about what Home Depot’s going to do?”

“My charitable trust owns Home Depot. I wish they hadn’t done it.”

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

Earlier, Cramer commented on the broader headwinds that The Home Depot, Inc. (NYSE:HD) is facing:

“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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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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