The Home Depot, Inc. (NYSE:HD) made our Mad Money recap, as Jim Cramer shared his take on the stock and highlighted resilient consumer spending despite the Iran conflict. Cramer explained why the Charitable Trust is holding on to the stock, as he remarked:

The only miss is the home-related stores and… dollar emporiums. The housing-related retail stocks are simply unable to move up because they’re tied to home sales, and the housing market’s frozen. Until interest rates come down, I don’t expect anything to bail out the stocks of Home Depot, RH, or Best Buy, for that matter. That said, if the war really winds down, and Fed Chief-in-waiting Kevin Warsh genuinely tries to cut interest rates, they could be winners. That’s why we hold on to Home Depot for the Charitable Trust.

Photo by Artem Podrez on Pexels

The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that sells tools, building materials, and decor. It also provides installation and equipment rental services. A caller asked for Cramer’s thoughts on the stock during the March 4 episode, and he responded:

Home Depot, big position for my Charitable Trust. It’s been problematic, but we have it on because rates are going to get cut, and you have to own the stock when rates get cut.

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