TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on financial results from Home Depot (HD), which are released before the markets open on Tuesday. Analysts expect the Atlanta, Ga.-based home improvement retailer to post fourth quarter earnings per share of $1.10 on sales of $20.39 billion. During the same quarter last year, the company posted net income of $1 a share with revenue of $19.16 billion. ‘We’re in the sweet spot for Home Depot – this is the season,’ Cramer said. ‘This is when people do their gardening and when people have an optimistic view. Home Depot’s stock has come in and there’s a household formation story.’ Cramer said the strongest part of the consumer is spending on housing. ‘Just hope that Home Depot comes in - it could be a great opportunity,’ he added.
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