Squawk on the Street
CNBC Investing Club: Cramer's Morning Take on Home Depot 11/4/26
· Summarized
Key takeaways
- Cramer’s central Home Depot thesis is that lower interest rates and easing pressure from gasoline costs and tariffs could revive do-it-yourself spending.
- He tells investors holding Home Depot to remain patient, stressing that a diversified portfolio will contain both winners and laggards.
- Cramer says he would buy Cunity because its semiconductor-materials business is benefiting from advanced packaging and next-generation chip production, and its outlook is above Wall Street expectations.
Summary
Cramer calls Home Depot the No. 1 stock
Jim Cramer says housing stocks look like “a massive winner,” with Home Depot benefiting from expectations that interest rates will fall. He acknowledges the retailer’s tariff exposure and argues investors expect pressure from gasoline costs and tariffs to ease. For listeners stuck in Home Depot, he repeats the advice to be patient because diversification means accepting that one holding may lag while another benefits.
Health care, defense, Boeing, and oil move in different directions
Cramer says some health care stocks are making a strong move, though insurers may be excluded. Defense stocks are lower on the possibility of reduced defense spending, while aerospace—especially Boeing—is doing well as oil gradually recovers from last week’s sell-off. He adds that Boeing’s competitor Boeing? The transcript specifically says “Bookings was fine,” without elaborating.
Cramer recommends DuPont spinoff Cunity
Cramer says he would buy Cunity, a DuPont spinoff that reported its best quarter among the semiconductor-related names he discussed. Revenue rose 22% year over year, adjusted EPS was $1.46 versus $1.20 expected, and management significantly raised its outlook. He says shrinking chips, complex 3D packaging, two-nanometer production, HBM4, and more than 15 advanced fabs support demand, making Cunity an AMD proxy despite its 43% year-to-date gain.
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Show notes
Cramer calls this home improvement retailer ‘the No. 1 stock’. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake
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