It's time to buy
, Jim Cramer said Tuesday on
"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
. 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
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.
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