Jim Cramer is asked about the economic impact of the wildfires that are burning the West coast and how this could hurt a U.S. economy that’s already hurting because of the coronavirus pandemic.
Currently, there are fires burning in California, Oregon, and Washington. Over 500,000 people have been told to evacuate in Oregon.
Cramer noted that Home Depot has been “a rocket” lately. Here’s what he had to say about Home Depot a couple of days ago in his Real Money column.
“The rails were insane Wednesday. Could it be the note we got from a research firm that Federal Express (FDX) could beat the estimates? Is it that China’s very strong and there’s a lot of intermodal traffic? Again, no particular reason,” Cramer wrote in his Real Money column on Wednesday night. “Or how about Home Depot (HD) , Lowe’s (LOW) , Walmart (WMT) , Costco (COST) , Target