Jim Cramer Discusses These 10 Stocks & Says “Traders Are Dumb As Wood”

2. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders In Q4 2024: 88

The Home Depot, Inc. (NYSE:HD) is one of the more common retail stocks that Jim Cramer discusses on his morning show. In his previous remarks, the CNBC TV show host praised the firm’s latest earnings results and cited faith in its management. This time around, he appeared on Squawk on the Street from a Home Depot outlet. Cramer maintained that The Home Depot, Inc. (NYSE:HD) benefits from the March gardening spending season. He also commented about the firm’s lead in the home-building products market:

“Well I’ll tell you if there’s rolling up, you’re looking at the place that’s going to do it. Home Depot bought SRS which is the principal competitor. Some people feel they have as much as 13% of the roofing market. Going to go head-to-head against Beacon. Now by the way, no one, I think and you’ll find this, no one, ever wants to say they’re going head-to-head against Home Depot, now Home Depot SRS. Because it’s, you can’t go against these guys. But I’m sure Brad has an important niche. Beacon Roofing is a storied company that has done quite well with Home Depot as a competitor. Look I think it’s a great company. I do think it’s a very tough market.”

“Home Depot bought SRS which is the principal competitor. Some people feel they have as much as 13% of the roofing market. Going to go head-to-head against Beacon. Now by the way, no one, I think and you’ll find this, no one, ever wants to say they’re going head-to-head against Home Depot, now Home Depot SRS.

“What would make me upbeat? I’m gonna be very specific. It would be to send the stock of Home Depot, right now, to 370, where it belongs, not down here at 352.

“Look at that. That’s a travesty. This, they actually had a good quarter. They were a little conservative on the guidance. But this is the stock you buy if you think America’s gonna do well.”