Cramer Continues To Load Up On Home Depot (HD)
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Earlier today, Jim Cramer sent out an alert to his subscribers of his ActionAlertsPlus.com charitable-trust, that he was buying 100 shares of Home Depot (NYSE: HD) at $23.70. After today's trade, he'll own 1,200 shares of Home Depot or 1.16% of his ActionAlertsPlus.com portfolio.
Cramer noted that Home Depot reported strong earnings last week, but they weren't as strong as Lowe's (NYSE: LOW). Home Depot has fallen 10% since the report and now yields 3.8%, which he feels is very attractive. Cramer does not think the earnings report changes the long-term story, especially given the internal restructuring that has improved the long-term story at Home Depot.
"Home Depot is one of the best ways to play the housing recovery, which I believe is close, and I will continue to add on weakness," said Cramer.
Cramer noted that Home Depot reported strong earnings last week, but they weren't as strong as Lowe's (NYSE: LOW). Home Depot has fallen 10% since the report and now yields 3.8%, which he feels is very attractive. Cramer does not think the earnings report changes the long-term story, especially given the internal restructuring that has improved the long-term story at Home Depot.
"Home Depot is one of the best ways to play the housing recovery, which I believe is close, and I will continue to add on weakness," said Cramer.
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