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NEW YORK ( TheStreet) -- Money talks and statistics walk, Jim Cramer proclaimed on "Mad Money" Tuesday.
He sounded off against those investors who rely solely on month-old government surveys to make their investment decisions. "Cramer don't play that," he continued, offering Home Depot (HD) as the perfect example of why looking in the rear-view mirror is no way to invest.
Cramer said that while the government's "latest" data show housing and hiring as still being weak, Home Depot reported a beautiful quarter, with a 4.8% increase in same store sales. The company noted that California and Nevada, two of the hardest-hit areas during the housing collapse, were among this quarter's biggest gainers, a sign that there's not only hiring going on, but also pent-up demand for housing.Home Depot management said homeowners underwater on their mortgages typically spend $1,000 a year on home maintenance and repair, but those above water spend three times that amount. What's that say for Home Depot's future? Things are looking up, said Cramer. Among the bright spots in Home Depot's quarter were big-ticket appliances. Think Whirlpool (WHR) and General Electric (GE), a stock he owns for his charitable trust,