Home Depot operates as a secular and cyclical stock, CNBC's Jim Cramer explained on Monday, suggesting the retailer’s model positions it for success through various economic climates. According to Cramer, Home Depot’s duality allows it to grow independently of business cycles while benefiting from positive economic conditions. He highlighted four secular trends boosting Home Depot: a shortage of new homes, aging existing homes, Millennial homeowners, and significant U.S. home equity for renovations. The company's professional business benefits from the housing shortage, which drives up new home prices.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Home Depot operates as both a secular and cyclical stock, CNBC's Jim Kramer explained on
00:07Monday, suggesting the retailer's model positions it for success through various economic climates.
00:13According to Kramer, Home Depot's duality allows it to grow independently of business cycles
00:18while benefiting from positive economic conditions.
00:21He highlighted four secular trends boosting Home Depot, a shortage of new homes, aging
00:26existing homes, millennial homeowners, and significant U.S. home equity for renovations.
00:31The company's professional business benefits from the housing shortage,
00:34which drives up new home prices.
00:36For all things money, visit Benzinga.com slash GSTV.