Jim Cramer Discusses These 14 Stocks & Zero Day Options

3. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders In Q4 2024: 70

Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement retailer that has managed to hedge against some of its industry’s slowdown through the devastation ushered in by hurricanes in 2024. Its shares are flat over the past year as the firm navigates the broader slowdown such as a 1.1% same-store sales drop in the third quarter. In his earlier remarks for Lowe’s Companies, Inc. (NYSE:LOW), Cramer has shared that the low valuation might prove to be an attractive entry point. Here are his latest comments for the firm:

“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.

“. . and their [Home Depot] numbers were good, in this environment. Now you gotta look, if you looked at Home Depot, or this, I mean, look everyone was, there was a lot of short money betting against these. I think that when you have a stock that goes down like this you should rethink. But I liked, I liked them.

“I’ve always liked . . .ever since Marv came in. And the Home Depot team, Ted Decker, look these teams, remember these guys take a lot of share too from the mom’s . . .there’s still mom and pop hardware stores that they take. And remember, you’re betting against now they’re Christmas Season, which is going to be, the garden season. Appliances still bad every where.”