Reported about 3 hours ago
In a recent discussion, Jim Cramer highlighted Home Depot, Inc. (NYSE:HD) in the context of rising interest rates, noting that while the stock is up 6.4% this year, it trails the S&P 500's 11% gain. Cramer emphasized the potential for stock prices to rise if the Federal Reserve cuts rates, suggesting that recent consumer hesitancy in a high-interest environment could shift, boosting housing starts and thereby benefiting Home Depot. He believes that now is the time to invest in Home Depot, anticipating future gains as market conditions change.
Source: YAHOO