We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer recently discussed.
Home improvement retailer The Home Depot, Inc. (NYSE:HD)’s shares have gained a modest 5% year-to-date as the firm has struggled in a high-interest-rate environment. However, over the past month, the shares have gained 8% driven by catalysts such as its second quarter earnings report, which saw the firm outline that its same store sales growth stood at 1% overall and 4% in the US. The growth indicated to investors that there was some life in The Home Depot, Inc. (NYSE:HD)’s market. Cramer discussed the firm’s earnings call:
“[On short term rates falling but high end not budging] It’s very interesting because on the Home Depot call, which was such an excellent call, they talked about the need to be able to at least get the short term rates down for home equity loans cause it’s not having to do it, not having many remodeling. Which, you need either remodel, or sales. Now sales is the long end, but remodel is the short end. They’ll take either and they are the biggest.”
A man uses home hardware tool
The CNBC TV host discussed The Home Depot, Inc. (NYSE:HD) in detail after its earnings. Here is what he said:
“We got results from Cramer fave, Home Depot, a stock I’m very happy to own for the Charitable Trust, but the numbers confused a lot of people… The quarter was good. See, you can’t judge earnings by the headline numbers alone… For starters, management emphasized that the momentum they saw in the back half of last year carried into the first half of this year…
