Why betting on Home Depot could be a win right now, according to Jim Cramer
In two recent paint and manufacturing conference calls, CEOs said professional contractors have surprisingly strong backlogs, despite a cooldown on the consumer front.
To Cramer, this makes Home Depot a compelling stock right now, since contractors often favor the home improvement retailer.
Buying $Home Depot(HD.US$ shares could be a win right now, given recent reports suggesting professional contractors are faring better than expected, Jim Cramer said Tuesday.
In recent conference calls from Stanley Black & Decker $Stanley Black & Decker(SWK.US$ and paint company $PPG Industries(PPG.US$ , the CEOs said professional contractors currently have surprisingly strong backlogs, despite a cooldown on the consumer front.
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