Cramer's 'Mad Money' Recap: Bet Your Bottom Dollars on Lowe's

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People should consider getting into Lowe's (LOW Quote), as it has bottomed, Jim Cramer told viewers on his "Mad Money" TV show Friday.

Before the Securities and Exchange Commission passed Regulation FD, figuring out a company's earnings was as simple as making a phone call to the company's CFO, he said.

But now hedge funds use a new approach to decipher whether they can anticipate better-than-expected numbers.

Not only does Cramer recommend that investors listen to the company's conference call, but he also believes that people should find out all the facts.

For example, Lowe's conference call was "scary," he said. And looking at the company from the bottom up, Stanley Works (SWK Quote), one of Lowe's suppliers, said it had too much inventory.

This did not look good for Lowe's, Cramer said. But then on Thursday, Black & Decker (BDK Quote) reported slim inventories -- the opposite of what Stanley Works said.

Additionally, Masco (MAS Quote) and American Standard (ASD Quote), two other suppliers, also said business has been slowing, Cramer went on to say.

But Friday, Fortune Brands (FO Quote) came out and said the remodeling market is stable. This is the most current news, and as Lowe's serves the remake and remodel market, Cramer believes that Lowe's is going higher from here.

Moreover, there is strength in casual dining, which is a great number to help decipher consumer confidence, Cramer said.