Cramer's Lightning Round - There's No Place Like Home Depot (3/31/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday March 31.

Bullish Calls

Visa (V): "Holy cow I think Visa's terrific...I think it is absolutely one of the best out there. It is at a good level. I want to buy right here."

Pepsico (PEP): "I want you to go with Pepsi. I think the long-term price war (with Coke) has finally run its course.. Pepsi is having a decent quarter. I want you to pull the trigger right here."

Home Depot (HD): "I want you to hold HD...I would start here and buy lower...that company is about to turn..I would buy HD as a great way to play the housing recovery."

Lockheed Martin (LMT): "Defense stocks have been oversold because of Obama. I like Lockheed martin...let's wait until it's a little bit lower."

Disney (DIS): " ...a good long term buy...there are very few stocks you can give a kid so they can follow it...Disney is fine long term."

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Comments

[rockaway:]

Do you believe that the housing market is slowing coming back (building) and if so, would BOTH Home Depot and Loew's be a good investment @ the same time?

Apr 01 07:35 AM

[Lightway:]

Rockaway, my view is that Lowe's has more growth potential, whereas Home Depot has already saturated most of the US, and will be looking for international growth, and in-store growth more for revenue.

That's just a super high level comment on market penetration, so you might want to do some diligence on each company's balance sheet relative to the other.

Apr 01 10:23 PM