Cramer: Home Depot got hit by bad weather and produced a windfall for investors

Home Depot's stock was shaken up for missing Wall Street estimates in the last quarter and it created a good opportunity for investors to buy, CNBC's Jim Cramer said Tuesday. While the home improvement company came up short in earnings and revenue in its fourth quarter report before the bell and gave a weaker-than-expected forecast for the year, the "Mad Money" host highlighted its new $15 billion stock buyback and 32 percent dividend increase.

Investors may be tempted to ditch the stock because broader housing numbers have been weak, Cramer said. Existing home sales last month dropped 8.5 percent compared to the year prior, reaching its lowest mark in more than three years. Home prices rose modestly, which could signal that momentum is easing in the housing market. But Cramer called Home Depot, a stock he has covered for decades, a"cash machine," citing that the company generated $13.

Can your channel help middlemen ? Indiabull NBFC company charging 13% interest rate while sanction letter given with 8.5%. Pls help 8288090470

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech stocks help S&P inch higher, Home Depot weighs on DowThe S&P 500 eked out gains on Tuesday, boosted by technology sector, but losses ... S&P is red
Source: Reuters - 🏆 2. / 97 Read more »

Value investor Greenblatt says market in expensive range historically, likes Home Depot, BoeingBut Buffett said stocks were cheap yesterday. So confusing.
Source: CNBC - 🏆 12. / 72 Read more »

The evolution of Jim Cramer's Mad Money: From stock picking to stock educatingJim Cramer takes a stroll down memory lane to discuss how the Great Recession changed the mission of CNBC's 'Mad Money with Jim Cramer.' BTFD is not educating. Sell the effing debt is education. Getting paid by analysts&ceo to pump and dump? What a challenging job. Cramer is a waste of mental space. GS gives him his daily feed imho.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer remix: How my father's mistakes inspired me to buy stocksJim Cramer shares his philosophy on owning stocks and why it's important to do your homework. Joke Funny Get what America craves. A story about the over exposed jimcramer ... Jesus Christ. We need his Goldman paid ofr wisdom.
Source: CNBC - 🏆 12. / 72 Read more »

Home Depot and Lowe’s earnings: Same-store sales could be ‘messy’ due to government shutdown, weatherThe home improvement retailers Home Depot Inc. and Lowe’s Cos. are scheduled to report fourth-quarter earnings on Tuesday and Wednesday, respectively, and while analysts expect difficult comparisons, 2019 is shaping up to be a good year for remodeling.
Source: MarketWatch - 🏆 3. / 97 Read more »

Home Depot forecasts poor 2019 earnings as U.S. housing momentum slowsHome Depot Inc projected 2019 earnings below Wall Street forecasts on Tuesday, a... That's sounds like rally time! Meanwhile, home builders ETF $XHB up 19% this year. Time for a short? Methinks so. Wonder how many folks are boycotting HD because its owner is a Trump supporter? I am
Source: Reuters - 🏆 2. / 97 Read more »

Stocks making the biggest moves premarket: Home Depot, Caterpillar, Tesla & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »

Home Depot, Caterpillar weigh on stock futures; Fed testimony awaitedU.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Cater...
Source: Reuters - 🏆 2. / 97 Read more »

Home Depot's stock drop to blame for nearly half of Dow's decline
Source: MarketWatch - 🏆 3. / 97 Read more »

Cramer: Elon Musk should be removed from Tesla as CEO for attacking the SECElon Musk goes after the SEC 'as if it's funny,' CNBC's Jim Cramer says. You should be removed from TV for attacking the Feds. I will design stunning Amazon Thank you card or product insert which will motivate your customer to leave great review. Order Here: I think Elon has too strong of a fan base to get rid of him from Tesla. Tesla elonmusk jimcramer
Source: CNBC - 🏆 12. / 72 Read more »