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Jim Cramer Says “Despite This Tricky Environment, Lowe’s is Doing Pretty Well”

Lowe’s Companies, Inc. (NYSE:LOW) is one of the stocks Jim Cramer recently offered insights on. Cramer discussed the company’s CEO’s comments around the state of consumers. The Mad Money host remarked:

“Now, the other big home improvement chain, Lowe’s, reported yesterday. They did comparatively better. This company posted a modest top and bottom line beat, even if their same-store sales came in a tad light. Big difference from Home Depot, Lowe’s raised its full-year sales forecast, although they lowered their same-store sales outlook, and they adjusted the earnings guidance down a bit. I like that they had very little inventory. I mean, like… inventory’s down.

Still, management told us November’s off to a good start with positive same-store sales so far this month, again good, despite the lack of hurricanes, and that’s why the stock rallied about 4% yesterday. Although given that Lowe’s sold off 2% the day before in response to Home Depot… well, it’s still impressive. Now, CEO Marvin Ellison had a nuanced take on the consumer. He said that homeowners are healthy and their balance sheets are strong, but they’re still concerned about things like the impact of the shutdown or the tariffs. So they’re hesitant to make larger purchases or take on big remodeling projects, but despite this tricky environment, Lowe’s is doing pretty well.”

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.

While we acknowledge the risk and potential of LOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LOW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 140 Metas
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  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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