Home Depot operates as a secular and cyclical stock, CNBC's Jim Cramer explained on Monday, suggesting the retailer’s model positions it for success through various economic climates. According to Cramer, Home Depot’s duality allows it to grow independently of business cycles while benefiting from positive economic conditions. He highlighted four secular trends boosting Home Depot: a shortage of new homes, aging existing homes, Millennial homeowners, and significant U.S. home equity for renovations. The company's professional business benefits from the housing shortage, which drives up new home prices.
