Jim Cramer Picks Lowe’s Over Home Depot

Lowe’s Companies, Inc. (NYSE:LOW) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. Cramer mentioned the company during the episode and said:

Comparisons can be odious. Our mothers told us that, right? And when Lowe’s reports, I think the comparisons may feel pretty… bad for Home Depot. Lowe’s is more do-it-yourself, while Home Depot is more professional. Given the dearth of new home sales, you want to go with the DIY renovations guy, and that’s Lowe’s.

Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement retailer that sells tools, appliances, building materials, and decor for all kinds of projects, from repairs to remodels. In addition, the company provides installation, repair, and design services. Cramer mentioned the stock during the January 15 episode and commented:

What else? Housing stocks are moving up not long ago after getting hit with mass downgrades. There’s a thaw going on as supply has arrived to quell demand. Home prices are at last coming down, many of them to 2019 prices. Toll Brothers, Lennar, Horton led the group higher. The same, by the way, was, how about this? Home Depot rallied again, only to be outdone by Lowe’s, which hit its 52-week high. Congratulations to Lowe’s CEO Marvin Ellison for that achievement in this god-awful environment.

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