With shares up 60 percent as of Dec. 1, Jim Cramer thinks sellers will hit Home Depot hard, as they book profits. However Cramer considers any pullback to be an opportunity. The company is extremely well run and a great play on the recovery in housing, as well as the construction boom he anticipates happening after super storm Sandy, Cramer said.
Even before Sandy, the company raised its full-year outlook . The company said it expected earnings of $3.03 a share, excluding an 11-cent charge for closing stores in China. Its prior full-year forecast, given before news of the China closures, called for a profit of $2.95 per share.
This company is so strong, "You may have to buy that stock as early as the first week of January, when I suspect the pessimism will be running at its thickest," Cramer said.