CNBC Investing Club: Cramer’s Morning Take on Home Depot 4/29/26

SPEAKER_1 (0:00)

Hi, I'm Jennifer Garner. Being a business owner takes hard work and a whole lot of miles. So Once Upon a Farm needed a serious business card. We chose the Capital One Venture X Business Card. With unlimited double miles on every purchase, we earn rewards on all the things we need to grow our business.

Venture X Business gives us big purchasing power so we can spend more and earn more. We redeemed miles to travel the country and partner with new stores. Capital One, what's in your wallet?

SPEAKER_2 (0:28)

TermSupply, see capitalone.com for details.

Substance Use Disorder and addiction is so isolating. And so, as a black woman in recovery, hope must be loud. It grows louder when you ask for help and you're vulnerable. It is the thread that lets you know that no matter what happens, you will be okay.

SPEAKER_3 (0:51)

When we learn the power of hope, recovery is possible. Find out how at startwithhope.com.

SPEAKER_1 (0:57)

Brought to you by the National Council for Mental Well-Being, Shatterproof, and the Ad Council.

Jim Cramer (1:03)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

Rates are getting uncomfortably high for me. We talked about Home Depot before we started. It's really knocked the stock down. But when I see rates go up 10 year 4.4, I always have to take a pause and say, okay, let's add that into the equation before we buy anything.

SPEAKER_5 (1:42)

Yeah. The last time we were around here, the market wasn't at these record levels. Four or five on the 10 years where you started to get the administration get a little more active in terms of de-escalation in the war, but oil continues to climb, 104 now, as this blockade continues of Iranian ports.

Jim Cramer (2:03)

I'm not crazy about this.

SPEAKER_5 (2:05)

Yeah. I am a little surprised that the market is barely down. I guess it's the view that maybe a month from now, two months from now, this won't be an issue. To have a Fed meeting today, Jay Powell's final press conference as Fed chair.

He's done a great job.

Jim Cramer (2:27)

I think he's done a remarkable job. I mean, it's a shame that he's ridiculed. There are some people, I'm not saying anybody's above ridicule, but this man I know him is quite a public servant, didn't need to do this, was really doing it for the country.

I know that he plays poker face about what the president said to him. But, if I were him, I would be quite aggrieved.

SPEAKER_5 (2:53)

Kevin Warsh is going to take his place, expected to be more dovish, maybe more willing to cut rates. I was looking at the odds of rate cuts, they basically disappeared.

Jim Cramer (3:05)

Well, I think, I think, but Warsh might have a different angle. Look, I have to tell you, if the war ends, you're going to say you're going to cut it. When the president says, yeah, he does these Rambo things, and he talks about no more Mr. Nice Guy, but then doesn't back it up, all that happens is that the inflation gets more embedded, and that's going to make Warsh's job tougher.

I do think that I do want to buy some Home Depot when I sense the war is winding down. That should be the one that you want to buy. The problem is that the president has told you the war is winding down forever, and now he's finally saying it's not.

SPEAKER_3 (3:41)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

Jim Cramer (4:13)

Courage. I learned it from my adoptive mom. Hold my hand.

SPEAKER_3 (4:17)

You hold my hand. Learn about adopting a team from foster care at adoptuskids.org. You can't imagine the reward. Brought to you by AdoptUSKids, the US.

SPEAKER_2 (4:26)

Department of Health and Human Services and the Ad Council.