We recently published a list of Jim Cramer Says “We Have No Idea What’s Really Going To Happen” and Discusses These 12 Stocks. In this article, we are going to take a look at where Lowe’s Companies, Inc. (NYSE:LOW) stands against other stocks that Jim Cramer discusses.
Lowe’s Companies, Inc. (NYSE:LOW), along with Home Depot, is a dominant player in the American home improvement retail market. The firm’s shares have lost 10% year-to-date as it struggles in a weak market driven by high interest rates and pessimistic consumer sentiment. During its first-quarter earnings report in May, Lowe’s Companies, Inc. (NYSE:LOW)’s continued to struggle in the weak environment. It warned that consumers were not making expensive purchases and this trend could continue in the second quarter. Cramer commented on the broader weakness in the retail sector:
“By the way the retail group is total chaos today. . .Lowe’s is down. I thought Lowe’s had a good quarter.”
A family excitedly browsing through the aisles of a home improvement retail store.
Cramer has discussed Lowe’s Companies, Inc. (NYSE:LOW) several times this year. Most of these have seen him analyze the firm simultaneously with its peer Home Depot. For instance, here’s what he said in March:
“Marvin Ellison, go[ing] back and forth with him, this was an excellent quarter. Particularly considering rates, although the rates have come down a little bit. And the lack of housing turnover which is typically been the key metric because when there’s housing turnover you go to Lowe’s, you tend to rehabilitate, you make it so you renovate. I was struck by the fact that the numbers were [inaudible] are improving. Because Lowe’s is of the [inaudible] of do it yourself. We had good pro numbers from Home Depot, good pro numbers from Lowe’s, something could be on here David. It is not as bad as feared. These two companies are excellent.