The holidays are fast approaching -- that is, if you're a home improvement retailer. The spring season sees home owners emerge from their hibernation state, head out to the Home Depot (HD - Get Report) and Lowe's (LOW - Get Report) of the world, and start to tackle chores and home improvement projects.
"It's a very big position for Action Alerts, I wish it were much bigger," he said of Stanley Black & Decker, adding that he'd be a buyer at $100 and would buy "very, very aggressively" at $95. The stock was trading at just over $100 on Friday.
While Cramer thinks the world of Home Depot and its management and says the company is "incredibly well run," he's sticking to tools as the investment, as both Home Depot and Lowe's have noted how strong the category is.
Stanley Black & Decker gave some below average guidance back in January, but Cramer says the company can likely top that guidance going forward. He's also no longer concerned about the company's European exposure, as the European Central Bank continues to find ways to boost the economy.
Over the past week, Cramer has addressed a number of red-hot sectors and what investors should do with them. These include accessories stocks like Coach (COH) and Kate Spade (KATE) , and auto parts stocks like O'Reilly Automotive (ORLY - Get Report) , Advanced Auto Parts (AAP - Get Report) and AutoZone (AZO) .
It also includes a look at steel stocks like Nucor (NUE - Get Report) and U.S. Steel (X - Get Report) , as well as utility stocks like American Electric Power (AEP - Get Report) and Dominion Resources (D - Get Report) , and food stocks like Kellogg (K - Get Report) , PepsiCo (PEP - Get Report) and Mondelez (MDLZ - Get Report) .