Jim Cramer Says Home Depot is Below Where He Thinks “It Should Be”
The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer highlighted in light of the Fed rate cut. Cramer said that he believes the stock is significantly below where it should be. He commented: “We just heard from Home Depot, and it wasn’t as strong as we’d like, again, because interest rates are too high. You still have a chance to buy it here. It’s way down, it’s 100 points below where I think it should be. And the company offered an encouraging scenario if the Fed lowered rates when it gave you ...