Why Jim Cramer Says Buy Home Depot (HD) Stock on Any Weakness

NEW YORK (TheStreet) -- TheStreet's Jim Cramer asks if the news of a data breach at Home Depot  (HD) will be a situation like Target  (TGT) in which the stock goes into purgatory.

Cramer advises using any weakness in Home Depot to buy the stock. He says the breach will be massive but does not believe this is a Target situation because Target was hurt by Canada, was poorly run and the company minimized the breach. Cramer thinks Home Depot will be out in front of this the whole way.

Cramer says he would be shocked if people switched to Lowe's  (LOW) from Home Depot, which is why he thinks the weakness in Home Depot is a buying opportunity.

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TheStreet Ratings team also rates Home Depot 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, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. 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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