It's time to buy

Lowe's

(LOW) - Get Report

and

Sears

(SHLD)

, Jim Cramer said Tuesday on

CNBC's

"Stop Trading!" segment.

Cramer said Lowe's is beset by negativity off Monday evening's earnings warning. Investors are worrying that the home-improvement retailer's powerful growth story is over, Cramer said.

But Cramer likened those concerns to similar rumors swirling last month around

Target

(TGT) - Get Report

. But since Aug. 8, Cramer said, Target is up 23% -- and he expects to see a similar bounce in Lowe's, which he said is well-managed and facing fewer "headwinds" with hurricane season winding down.

Cramer also urged investors to buy Sears, the department store company run by hedge fund manager and Cramer "buddy pal" Ed Lampert. Cramer noted that he has been bullish on Sears for some time and owns the stock for his charitable trust, but he said recent developments make the story even more robust.

"I've been dead right on this one," Cramer said. But with Sears' crucial Craftsman tools brand moving to Kmart stores, "They're actually having a good quarter," Cramer said of Sears. That the stock isn't at a 52-week high, Cramer said, is a "travesty."

Cramer said he also likes insurers

AIG

(AIG) - Get Report

and

Allstate

(ALL) - Get Report

because they jacked up rates in anticipation of another devastating hurricane season -- and are now reaping the rewards of this summer's light storm toll. Cramer said he expects "giant upside surprises" next month when the companies report earnings.

At the time of publication, Cramer was long AIG and Sears.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.