NEW YORK (TheStreet) -- TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, drilled down on the earnings reports from retail companies earlier this morning on CNBC’s “Cramer’s Mad Dash” segment.
Following up on some of those thoughts, Cramer eyed Home Depot (HD) more closely on CNBC’s “Cramer’s Stop Trading” segment.
On the conference call, CFO Carol Tome said that less than 10% of the company’s advertising would come from print this year. Digital advertising will now make up 36% of the company’s advertising.
Read More: 10 Stocks George Soros Is Buying“This is it,” Cramer said, “this is the tipping point.” Retailers are starting to find that companies like Facebook (FB) and Google (GOOGL) offer more effective advertising for their customers. It's not just Home Depot doing this either, he reasoned, suggesting that Facebook and Google will continue to benefit from this advertising shift.
Facebook and Google are AAP holdings.
- - Written by Bret Kenwell in Petoskey, Mich.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts