'We're missing the forest from the trees,' Cramer said Monday.
CNBC's Jim Cramer said Monday that investors shouldn't panic over the size of the Federal Reserve's expected interest rate cut this week. Instead, they should focus on the stocks that will benefit from the easing monetary policy. The U.S. central bank is widely expected to start its rate-cutting cycle at the conclusion of its two-day September policy meeting on Wednesday. The size of the reduction, however, is still up for debate.
" Cramer pointed to homebuilding names like Home Depot and Stanley Blacker & Decker as beneficiaries of lower rates. That's because when borrowing costs go down, activity in the housing market picks up and can attract more customers to supplies that both of these companies offer. Year to date, shares of Stanley Black & Decker and Home Depot are up nearly 4% and 10%, respectively, but lag the S & P 500' s nearly 18% advance in 2024.
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