"People will be buying homes and fixing them up," said Cramer, who admittedly still likes competitor Lowes (LOW Quote), but noted that since Lowes was not a Dow stock, it couldn't be added to his favorite Dow stock list.
In addition to the macro-economic forces pulling in Home Depot's favor, Cramer likes the internal changes at the company now that former CEO Bob Nardelli has resigned. He said the company is getting better with both its pricing and inventory management. Cramer also likes Home Depot for its juicy 3.8% dividend yield.
Mad Mail
In this segment, Cramer told a viewer that he thinks Molson Coors (TAP Quote) is a terrific stock to own here. When asked about owning Shaw Group (SGR Quote), Cramer told a second viewer "I think you're in excellent shape with that stock."Lightning Round
In the Lightning Round, Cramer was bullish on Kraft Foods (KFT Quote), Quanta Services (PWR Quote), Anadarko Petroleum (APC Quote) and McDonald's (MCD Quote). Cramer was bearish on SPX Corp (SPW Quote), Crosstex Energy (XTXI Quote), Walgreens (WAG Quote), Chipotle Mexican Grille (CMG Quote), Pre-Paid Legal Services (PPD Quote), Ingersoll-Rand (IR Quote), AK Steel Holding (AKS Quote), Nucor (NUE Quote) and Allied Capital (ALD Quote). Check out the latest edition of "Cramer's Take on Top-Searched Stocks" on Stockpickr.
P/>Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.
Read more of Cramer's Mad Money Lightning Round insights.
For "Mad Money" performance statistics and other links, check out Mad Money stats
- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |














