Jim Cramer Discussed These 18 Stocks As Inflation Dropped

12. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders In Q3 2024: 60

Lowe’s Companies, Inc. (NYSE:LOW) is another home improvement retailer. 2024 was a tough year for the firm as it cut annual forecasts due to a sluggish home improvement industry. By mid-December, the firm had expected its same-store sales to drop by 3% to 3.5% annually. The estimate was an improvement over an earlier projection of a 3.5% to 4% drop, and it came after the devastation ushered by Hurricanes Helene and Milton opened up the potential for higher sales at Lowe’s Companies, Inc. (NYSE:LOW)’s stores. Year-to-date, the stock is up by 3.94% and Cramer’s comments surrounded a recent acquisition offer in the home improvement industry:

“But what does this [QXO’s $11 billion acquisition proposal of Beacon Roofing] say about Lowe’s Corp?

“These companies may be undervalued, they’re selling at very low multiples.”