Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

13. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders In Q3 2024: 58

Lowe’s Companies, Inc. (NYSE:LOW) is a major American home improvement retailer. As high interest rates have depressed the home building industry, the firm’s shares have also struggled in 2024. They are up by a modest 11.8% year-to-date, and Lowe’s Companies, Inc. (NYSE:LOW) expects headwinds to sustain for the rest of the year. As of mid-December, the firm expects 2024 same-store sales to drop by 3% to 3.5%, and ironically, this is an improvement over the earlier estimates of a 3.5% to 4% drop. Lowe’s Companies, Inc. (NYSE:LOW) reduced its same-store sales drop estimates in November after Hurricanes Milton and Helene spurred demand for home improvement products. Here’s what Cramer said:

“When you have General Mills having to get more promotional in order to be able to get its sales up, what does that say? It says that they’re promotions are all over the place and I happen to think that I had Lowe’s last week, up Marvin Ellison, Lowe’s a big chain. They’re talking about headwinds, headwinds, headwinds!”