CNBC Investing Club: Cramer's Morning Take on Home Depot 11/4/26

0:00In the face of uncertainty, some things remain steady. Like the Cummins 2027 X15. Built on 25 plus years of experience and backed by more than 3 ,200 service locations. The X15 delivers up to 3 % better fuel efficiency. Giving you the confidence that no matter the obstacle, you can and will rise above it. The 2027 X15. Forever rising. Actual fuel economy may vary. Extended idle operation may impact fuel economy results. This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Schwab Market Update, an original podcast from Charles Schwab, provides an information-packed daily market preview on stock updates, U.S.

0:43and global economic news, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com slash marketupdatepodcast, or find Schwab Market Update wherever you get your podcasts. Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com slash morning take to sign up today. That's one word, morning take. Housing stocks look like a massive winner. Let's go over that.

1:26Home Depot. That's the belief that rates are going to go lower. Home Depot has big tariff exposure, such as Stanley. This is a reaction, I think, that people believe, and this is a very ethereal notion, that the working person has been hurt by higher gasoline, the working person has been hurt by tariffs, including many things that are bought at Home Depot. That's going to be over. Now, right here, again, this is about giving up versus not giving up. Right here, we've got a question from the last monthly meeting, which said that I'm stuck at Home Depot, basically. What do I do? and we urge patience.

2:00We urge patience because we're a diversified portfolio. And something that might be good for Home Depot may be bad for Micron. You have to accept the consequences of a diversified portfolio and say that, listen, if rates come down or if the do-it-yourself market heats up, you're going to have the number one stock. And we have the number one stock. Yeah, nice balance. Back in the green year to date, which is good to see. Then you have some healthcare stocks making a nice move, Maybe not on the insurance side, though. Defense lower on the potential for less defense spending. But aerospace, Boeing doing well with the move with oil, continuing to slowly climb back from that sell-off last week.

2:41Remember, bookings was fine. I want to point out one that I'd buy. Okay, I would just buy it here. And it's a stock called CUNITY. They reported a great number. It had nothing really to do with data center as much as with the substrate for, if you believe in AMD, for instance, You believe it's good for AMD. This is a proxy. It has been straight down. This is DuPont's spinoff. And I think that this stock, with the best quarter of the semis, frankly, should be bought. And I'm just putting it out there. And I'm wondering, even though it's up 43 % year-to-date, if you don't own it, I will probably emphasize this on our Friday annual meeting.

3:16Yeah, you had revenue up 22 % year-over-year, beating estimates. Adjusted EPS,$1.46 versus$1.20. The shrink to stack, the smaller chips and increasing complex 3D packaging require more materials per wafer and package. Strength in advanced nodes, benefiting from the transition to two nanometer chips, HBM4. It's kind of lost in the shuffle. More than 15 advanced fabs with production targeted for next year. They raise their outlook significantly. And the implied Q4 guide is above street as well. So just all around upside here. All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet, or another medium.

4:04No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com forward slash investing club disclaimer.

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