9 Stocks on Jim Cramer’s Radar

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

Number of Hedge Fund Holders: 88

On March 20, Cramer praised The Home Depot, Inc. (NYSE:HD) for its strong financial performance, noting a compound annual return of 25.5% since its IPO. He highlighted that in the current environment, we need a stock that will up our chances of winning. He added:

“When Home Depot stock gets hit and it will get hit by the pervasive negativity, we got one more reason to feel comfortable owning…. See, this is something I learned during the Great Recession. Back then, I stuck with Home Depot when everyone told me to sell, sell, sell because homes were losing value for the first time since the Depression. Of course, the company ended up buying back a huge amount of stock during that period, ended up in incredible shape versus the competitors, many of which went by the wayside…

Home Depot stock is still cheap and it’s well off its highs, even though the underlying company’s doing incredibly well. Now, you may be skeptical thinking that higher interest rates, tariffs are more important than everything I just said, more important than the specifics of this home improvement chain or what they tell me. I disagree. To me, this is when you keep the faith, and if the stock and Home Depot drops, well guess what?” [Buy, buy, buy]

Home Depot (NYSE:HD) is a home improvement retailer offering a wide range of products, including building materials, décor, lawn and garden items, and maintenance supplies. It also provides installation services for various home features and tool and equipment rentals.