Overview
- Stifel lowered The Home Depot’s rating to Hold from Buy ahead of the company’s earnings, citing weakness tied to slow housing turnover and other pressures.
- Jim Cramer urged investors to ignore the downgrade, saying it should be put in the “wayback machine” rather than acted on now.
- Cramer said the stock is a buy if investors expect the Federal Reserve to cut rates next month, framing Home Depot’s outlook around monetary policy.
- He pointed to the retailer’s durability, including past buybacks and performance through downturns, as part of his defense of the shares.
- The republished pieces paired Cramer’s remarks with promotional pitches for AI stocks, and they reported no new company results or changes to analyst ratings beyond the prior downgrade.