Jim Cramer Says “Lately, Lowe’s Has Been in Better Shape”

Lowe’s Companies, Inc. (NYSE:LOW) is one of the stocks in focus as Jim Cramer laid out this week’s game plan. Cramer highlighted the CEO’s strategy during the episode, as he remarked:

“Now, Lowe’s follows Home Depot and retail week, and lately, Lowe’s has been in better shape. CEO Marvin Ellison runs stores that are equally attractive to the consumer and to the professional contractors. That combination’s been working better than Home Depot’s more contractor-focused approach.”

Photo by Artem Podrez on Pexels

Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement retailer that provides products for construction, repair, remodeling, and decorating, including appliances, outdoor living, building materials, tools, and decor. During the July 23 episode, when a caller asked whether they should buy, sell, or hold the stock, the Mad Money host responded:

“Marvin Ellison is hitting the ball. He’s doing his best. He got the, Fed chairman won’t cut the rates. We don’t have a lot of housing turnover. You think I’m going to quit Marvin Ellison now? Absolutely not.”

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