Home Depot makes another pro deal — plus, what's behind Corning's big rally
Airfind news item
By Jeff Marks
Published on March 24, 2026.
Investing Club with Jim Cramer's CNBC Investing Club provides an actionable afternoon update on Wall Street, timed to the last hour of trading. Despite a mostly lower market session due to uncertainty over the Iran war, Corning's 9.5% surge came after a major hyperscale customer placed a new order for 800G single mode-data center transceivers to expand its network capacity for AI-driven workloads. The order was worth over $53 million and is expected to be the first of many. Home Depot announced its SRS Distribution subsidiary is buying Mingledorff's, a leading wholesale distributor of heating, ventilation, and air conditioning (HVAC) equipment, and should resume share buybacks around this time of the year. The acquisition aligns with Home Depot's strategy of increasing its offerings to better serve professional customers and should not impact its anticipated return to a 2x leverage ratio by the end of fiscal 2027.
Read Original Article