Cramer’s Morning Take: Home Depot 11/14/25

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Jim Cramer (1:02)

I'm Jim Cramer and you're about to hear a sample taken directly from today's CNBC Investing Club Morning Meeting.

Now, let's just talk about Home Depot, just downgraded by 64 Now, if you think that rates are not going to be cut, I'm going to agree with this. I'm going to say that makes a lot of sense. If you think rates are going to be cut, this is going to be the dumbest call ever. But why? Because the first thing that happens is you go to Home Depot to either do remodeling replacement of a home that you just bought. I don't have an answer for the ICE situation, I'm working on that. There really are, if there are people who are hiding at Home Depot who are agents of the federal government who arrest people, that is going to hurt Home Depot. I admit that. I don't have an answer for that. But I do have an answer for Home Depot in general, which is that it's a terrific company. It'll figure it out.

Jeff Marks (1:51)

Right.

And we spent some time talking about Home Depot. It's hard because the near term setup is tough because of where mortgage rates are and where interest rates are. And we acknowledge that. And that's part of the reason for the steeple downgrade. But there's just so much pent up demand in the housing sector for home improvements once you have existing home sales pick up again. What's the first thing you do when you buy a new home? You likely remodel it. So that's where we are long term. But they report earnings next week amongst a host of companies.

Jim Cramer (2:24)

You're going to see a headline number is not good.

Jeff Marks (2:26)

Yeah.

Jim Cramer (2:26)

See what they have to say about how their inventories are.

Jeff Marks (2:29)

We'll also hear from TJX next week. They report Wednesday before the opening bell.

Jim Cramer (2:33)

Last time was the first time I remember we had a huge spurt when they reported it. I was surprised.

Jeff Marks (2:38)

Yeah. I mean, keep in mind, they tend to beat on the high end of guidance. And then the new guidance is always a little bit of a mess. But it's just a big U pod story. Under promise, over deliver.

Jim Cramer (2:50)

Totally. Start your day with my outlook on the daily market every morning at 10, 20 a.m. Visit cnbc.com/morningtake to access all the benefits of being a CNBC Investing Club member.

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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, NBC Universal or their 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. You should be aware of the risk of loss and following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club Disclaimer, please visit cnbc.com/investingclubdisclaimer.

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