After taking morning profits, we're afternoon buyers of 2 stocks in an oversold market

Published On Dec 17, 2024, 1:57 PM

In an oversold market, Jim Cramer's Charitable Trust is buying 25 shares of Home Depot (HD) at around $407 each and 14 shares of BlackRock (BLK) at approximately $1,041 each. The Trust is increasing its stake in HD, which has pulled back about 6% after a strong earnings report, indicating signs of a business turnaround. Similarly, BlackRock's recent acquisition of HPS Investment Partners positions it as a leader in private credit, enhancing its growth potential. The market's oversold condition is viewed as an opportunity for these quality investments.