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Enter Symbol:
 
Home Depot, Inc. (the) (HD) [hlAlert]

Rating:
Buy HD
up 393.12 %

Cramer's Top Five Dow Stocks: Home Depot

Posted on: Saturday,  Jan 10, 2009  10:13 AM ET by Cramer Dow picks for 2009

Cramer Dow picks for 2009 rated Buy Home Depot, Inc. (NYSE: HD) on 01/09/2009, when the stock price was
$23.86. Since then, Home Depot, Inc. has gained 393.13% as of 01/25/2016's recent price of $117.66.
If you would have followed this Cramer Dow picks for 2009's recommendation on HD, you would have gained 393.12% of your investment in 2572 days.

The Home Depot, Inc.is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement and lawn and garden products, and provide a number of services. The Home Depot stores average approximately 105,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area. During the fiscal year ended February 1, 2009 (fiscal 2008), the Company had 2,233 The Home Depot stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada, China and Mexico. On January 26, 2009, the Company announced the closing of its EXPO, THD Design Center and Yardbirds stores.

Jim Cramer is optimistic on the stock market for 2009. According to his analysis, the Dow Jones Industrial Average could produce a gain of 13.1% this year based on his predictions for the 30 components of the Dow. That’s not exactly a huge gain, but it’s also not something investors should sneeze at. Cramer thinks 2009 will be a tough year to call because he believes it will be split into two halves: the pre-bottom in housing and the post-bottom. Cramer hopes that President-elect Barack Obama will do whatever it takes to stimulate the economy and avoid 10% unemployment for the American workforce. However, if the economy falters and unemployment breaches 10%, then Cramer’s bullish view might not play out. Bottom line: Pay attention to unemployment and housing in 2009 because it will most likely determine the direction of the U.S. stock market. Recently, Cramer found some opportunities in infrastructure stocks that benefit from China’s stimulus plan, big drillers that could be short sales and his top five Dow stocks for the new year. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/9/2009 4:00 PM Buy
None
23.86
as of 12/31/2009
1 Week up  25.16 %
1 Month up  33.44 %
3 Months up  37.04 %
1 YTD up  53.01 %

(*) Stock Price at the time of the recommendation.
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