Cramer’s Morning Take: Home Depot & GM 12/1/25

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Jim Cramer (0:10)

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Jim Cramer (0:47)

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

Here's my thinking after the piece I wrote this weekend. Bitcoin is the linchpin, but it's not going to go down without a fight, including strategy doing some sort of credit line, whatever. I start with that because I think the market's going down because of these specs. If you're going to do a market and base, you're going to look at a market based on speculation. And by the way, 50% of the market is arguably related to speculation, just happens to be a lot of ETFs that you don't see. Then you're in a jam and you're not going to go up because the new money's not there.

SPEAKER_4 (1:31)

Yeah. Let's also keep in mind we're coming off a really strong week last week for the market. It was on lighter volume, but the S&P rallied almost 4%. So a little bit of a dip today, although we're off to worse levels of the morning.

Jim Cramer (1:45)

I mean, why shouldn't there be?

SPEAKER_4 (1:47)

Yeah. No, I think that's natural. You have Bitcoin, as you mentioned, falling back below 86K, the oscillator in positive territory. So not yet overbought, but we were pretty much on the doorstep of oversold just two weeks ago.

Jim Cramer (2:00)

Absolutely. And remember, the oversold was measured by a company like Home Depot, where the plummet was severe and painful for all of us who owned it. However, the rally is now above where it reported. And what that says is, don't lose sight of the prize. The president is going to be appointing an easy Fed, and in an easy Fed, you buy Home Depot. You also, by the way, buy GM, just for the record.

SPEAKER_4 (2:27)

Yeah. And you mentioned the Fed, rate cut odds still hovering around like 87% for a 25 basis point cut. That's at the December 10th FOMC meeting. So, yeah.

Jim Cramer (2:42)

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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 in 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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