The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer showed optimism around the stock in case of a rate cut around the next Fed meeting, as he remarked:
“Of the disappointers, Home Depot’s the most sensitive to a decline in interest rates. The Fed’s meeting’s next week, so things could turn around real fast for the despot, which is higher than where it reported that bad quarter. That’s why we own it for the Charitable Trust.”
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The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that sells tools, building materials, and decor. It also provides installation and equipment rental services. Cramer discussed the stock in detail during the November 20 episode. The Mad Money host said:
“On Tuesday, we kicked things off with Home Depot, and that was an inauspicious start. The despot posted a tiny sales beat, but both its earnings and the same-store sales came in softer than expected, and the stock plunged 6% in response. Ouch. Worse, Home Depot cut its full-year forecast for both comparable sales growth and earnings. There’s a tough set of numbers, no way around it.
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