Jim Cramer on Home Depot: "Worst Acting Stock in the Charitable Trust"

The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the stock’s performance during the episode, as he said:

“Perhaps the worst acting stock in the Charitable Trust of late is Home Depot. It’s been straight down like it’s wearing cement galoshes, about to get swimming in the Mississippi. Not today. The despot and its doppelganger, Lowe’s, came roaring back today. That’s the real economy once again, not the data center.”

The Home Depot, Inc. (NYSE:HD) provides building materials, home improvement, and décor products, along with installation and equipment rental services. Cramer discussed the company during the September 17 episode and commented:

“I don’t see any real reason to get excited about the interest rate-sensitive cyclicals, including the housing stocks. Those are the stocks you’d buy if we heard that the Fed had a very serious debate about whether to have a double rate cut. We didn’t get that. Now, for instance, we own Home Depot for the Charitable Trust. It’s been a big winner and I’m not surprised that it got dinged today, down 1%.

You need to hear something about bigger cuts to get that stock higher, and it didn’t happen. It’s going to be slower. It’s still going to go higher, though. I don’t feel great about the cyclicals in general, even though Caterpillar hit an all-time high today, unless they have something to do with the data center or with aerospace.”

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Disclosure: None. This article is originally published at Insider Monkey.