Squawk on the Street Cramer's Morning Take: Home Depot 9/11/25
4 snips
Sep 11, 2025 The discussion kicks off with the impact of mortgage rate cuts on Home Depot and the housing market. Participants analyze the exciting rise of tech stocks like NVIDIA alongside the growing demand for AI. A notable shift in the financial markets is highlighted, showcasing a broader rally beyond tech into the financial sector. Key companies like Oracle and Klarna are mentioned, hinting at their roles in the evolving landscape of credit services. Overall, there's a palpable excitement about the future opportunities in diverse markets.
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Financials Leading The Rally
- Financials led the rally and trade at roughly 15 times earnings, implying value relative to other sectors.
- Cramer highlights credit card issuers like COF as large, systemically important firms to watch within financials.
Rally Broadened Beyond AI Leaders
- Yesterday's market leadership came from AI chip and infrastructure names like Nvidia and Broadcom.
- Today's strength broadened beyond those few leaders into a wider rally at the session's start.
Buy Home Depot For Big Upside
- Buy Home Depot because Jim Cramer expects substantial upside based on chart patterns and housing dynamics.
- He specifically predicts the stock could reach $500, signaling strong conviction to accumulate shares.