CNBC's Jim Cramer on Monday suggested that home improvement retailer Home Depot acts as a secular and cyclical stock, able to both grow independently of the business cycle and flourish when the economy is doing well.
"The company's secular characteristics carry it through the cyclical pain, so even if the Fed doesn't move with alacrity to cut rates, Home Depot will still win."
Lower interest rates tend to improve the housing market, which normally bodes well for housing-related stocks like Home Depot.
"Now you could argue that this is an unusual moment, but historically, it's actually not that unusual for Home Depot," he said.
"There's a boom and bust portion of the business, but for most of that period since 1981, it kept growing regardless."
Persons:
CNBC's Jim Cramer, Cramer, it's
Organizations:
Depot
Locations:
U.S