On Monday's "Mad Money" show, Jim Cramer said that the takeaway from Lowe's (LOW Quote) conference call is that the housing market is in the recovery stage. Buying a house is more affordable now than renting, so according to Lowe's, there's a market for lawn and garden items and paint used in home fix-ups.
As a play on paint, Cramer recommended Sherwin-Williams(SHW Quote), and as a play on gardening, he recommended Scotts Miracle-Gro(SMG Quote).
On Tuesday, Lowe's added 11 cents to close at $20.05. Sherwin-Williams rose $1.40, or 2.5%, to $57.12, and Scotts Miracle-Gro closed up 46 cents, or 1.3%, to $36.01.
Goldman Sachs(GS Quote) and JPMorgan(JPM Quote) remain the strongest banks on Cramer's list, and he owns both for his Action Alerts PLUS charitable trust. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
73.22
|
|
DOWN
132.86
|
DOWN
13.11
|
DOWN
26.86
|
DOWN
1.09
|
10 Yr
3.49%
SPDR Gold
107.34
|
|
-1.27%
|
-1.18%
|
-1.22%
|
-3.03%
|
Data delayed 20 minutes |
Connect with TheStreet