Jim Cramer Discusses These 10 Stocks & Says Bitcoin Created “Froth” In The Market

7. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders In Q4 2024: 88

Home Depot, Inc. (NYSE:HD) is one of the biggest home improvement retailers in America. Given the fact that high interest rates tend to depress the construction industry, it’s unsurprising that the stock is up by a modest 5% over the past year. The high rates continued to impact the firm in February when The Home Depot, Inc. (NYSE:HD) guided a 2% drop in 2025 profit-per-share compared to a 4.6% growth that analysts were expecting. Here is what Cramer said:

“Yeah, as a Charitable Trust own, we’ve been telling people to buy it. . . .So the company reports at six o’ clock. I’m furiously trying to read the entire statement and I really know Home Depot really well. Have known it really well since 1983. And I’m thinking, this is good, this is good, I’m still reading. And there’s just guys beelining it and taking it down to three seventy-nine. I mean they’re like hitting it. And I’m thinking, I’ve gotta find out what’s wrong. I’ve gotta find out what’s wrong. And there’s nothing really bad. And they keep hitting it. So, let’s be aware that the first trade’s always not the right trade.”

“And they built that company that competes with Builder’s FirstSource, they bought SRS. Some could say well they shouldn’t. Well it’s helped people. Let’s say a contractor wants to build a pool, they’re able to do everything. But, look the stock’s been down for many, many days. And I point out, that in, in 2007 and nine, they bought a tremendous number of shares and there were shorts the whole time. Now here they add to the dividend. . .I’m saying is this company has navigated harder waters.”