We recently published 11 Stocks That Jim Cramer Recently Talked About. The Sherwin-Williams Company is one of the stocks Jim Cramer recently discussed.
The Sherwin-Williams Company is one of the biggest paint and chemicals companies in the US. Its shares are flat year-to-date on the back of several factors such as analyst downgrades and weak earnings. The Sherwin-Williams Company’s shares lost 5.7% in June after Citi downgraded the shares to Neutral from Buy due to a higher-for-longer interest rate cycle at the Fed. Then, The Sherwin-Williams Company cut its outlook due to soft demand in July. Cramer discussed the cut:
“[On firm saying demand softness expected to continue if not deteriorate in H2] Yeah that’s the do it yourself division. Which is really bad.”
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Previously, he discussed The Sherwin-Williams Company and Home Depot:
“Sherwin-Williams, okay, Dow stock now, by the way. I think Sherwin-Williams, look, I like the stock of Home Depot. Home Depot, which is, by the way, less expensive… I think some people are selling it because ICE is lining up in front of Home Depot, and I think the stock’s getting hit because of that.”
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This article is originally published at Insider Monkey.
