Jim Cramer Prefers Home Depot Over Builders FirstSource (BLDR)

Builders FirstSource, Inc. (NYSE:BLDR) is one of the stocks that Jim Cramer shared his take on. A caller asked if the stock could be positioned for significant growth, and in response, Cramer said:

“I was a huge believer in Builders FirstSource. This is proving to be such a hard market that I had to default and switch to Home Depot and Lowe’s. Builders FirstSource is a moonshot. It could be unbelievable. I want to take a little bit of the risk off the table, which is why we bought Home Depot for the Charitable Trust. I, too, want to… be involved in exactly what you just said, but I’ve known Home Depot for much longer, and I’m much less worried about it. And that’s what you have to be… You have to be much less worried about something connected to housing today. Home Depot up a couple bucks again.”

Builders FirstSource, Inc. (NYSE:BLDR) supplies building materials, components, and construction services. The company provides engineered wood products, windows, doors, siding, roofing, and software solutions. Cramer discussed the stock during the October 14 episode and said:

“Right underneath it was another driver of today’s rally, Builders FirstSource. You can rally when you have a housing market. That thing can’t go up if you don’t have a good housing market. Maybe we’re going to have one. And you know what? They have projects in hand. If Builders FirstSource is doing well, maybe mortgage rates really are going to fall.”

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