Why Jim Cramer Says Execution is Key to Home Depot's (HD) Earnings

NEW YORK (TheStreet) -- TheStreet's Jim Cramer says Home Depot  (HD) CEO Frank Blake is executing better than anyone in retail. He salvaged a planning season that started very late amid concerns of a shortfall.

Instead, the world's largest home improvement retailer reported second-quarter earnings that beat analysts' expectations thanks to an increase in customer purchases on mobile devices and a 38% increase in online sales. Home Depot also fully implemented its "buy online, pick up in store" functionality.

Cramer says Blake does not put up stores but instead gets more out of existing stores and e-commerce. Cramer's key takeaway from the conference call was that 36% of spending will go online, "the twilight of print and ultimately the real challenge to TV." He points to Google  (GOOGL) , Facebook  (FB) and Twitter  (TWTR) in this regard.

Must Watch: Jim Cramer Says it's all About Execution When it Comes to Home Depot's Numbers

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TheStreet Ratings team rates HOME DEPOT INC as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate HOME DEPOT INC (HD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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