The Home Depot, Inc. (NYSE:HD) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. When a caller inquired about the stock, Cramer commented:

Okay, we were very disappointed in the action in Home Depot today. Finished down eight, it hit its 52-week low. The company yields almost 3%. I turned to Jeff Marks, who works with me for my Charitable Trust, I said maybe we should buy some, but we’re a little beaten down on it.

We didn’t want to buy it anymore right now. We need to see mortgage rates lower, and we don’t have them yet. I’m not giving up on Home Depot, but there are issues involving ICE, too, that really hurt them. But I do want to say that I regard it now as one of the most problematic positions in my portfolio, along with Nike. Those are the two I’m most worried about.

Photo by jason briscoe on Unsplash

The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that sells tools, building materials, and decor. It also provides installation and equipment rental services.

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