Cramer's 'Mad Money' Recap: Money Talks
NEW YORK (TheStreet) -- Money talks and statistics walk, Jim Cramer proclaimed on "Mad Money" Tuesday.
He sounded off against those investors who rely solely on month-old government surveys to make their investment decisions. "Cramer don't play that," he continued, offering Home Depot
Cramer said that while the government's "latest" data show housing and hiring as still being weak, Home Depot reported a beautiful quarter, with a 4.8% increase in same store sales. The company noted that California and Nevada, two of the hardest-hit areas during the housing collapse, were among this quarter's biggest gainers, a sign that there's not only hiring going on, but also pent-up demand for housing.
Home Depot management said homeowners underwater on their mortgages typically spend $1,000 a year on home maintenance and repair, but those above water spend three times that amount. What's that say for Home Depot's future? Things are looking up, said Cramer.
Among the bright spots in Home Depot's quarter were big-ticket appliances. Think Whirlpool
Cramer said he'd be a buyer of all those stocks, along with Home Depot itself, which is buying back more of its stock and will surely prosper as America's economy awakens once more.
IPOs have been on fire this year, Cramer told viewers because Wall Street has been giving money away to entice investors back to the market. That's why a stock like Tableau Software
Cramer said that Channel Advisor, which will trade under the ticker ECOM, helps companies sell their wares through multiple channels like Amazon.com