Finally, Cramer went over Home Depot’s post-earnings conference call, during which executives fielded analyst questions that painted the retailer as one of Amazon’s more vulnerable rivals.
After delivering itsbest quarterly report ever, Home Depot’s stock was eviscerated from that conference call, which Cramer said left him outraged and disheartened.
“The incredible thing is that even a gigantic beatand raise can’t shield a company from ‘the dark star,'” the “Mad Money” host said, borrowing a phrase that Home Depot’s former CEO, Frank Blake, used to describe Amazon.
Cramer’s recommendation for investors eyeing Home Depot was to wait until the stock gets cheap and the company starts buying back shares in droves.
“Otherwise, the stock of this phenomenal retailer may be just too hard to own because the analyst community has deemed it too vulnerable to Amazon with their questions on the call, even as their reports remain, for the most part, positive about the best do-it-yourself chain on earth,” Cramer said.