Jim Cramer Says Lowe's Is a Buy

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"Not all stocks can go up at the same time, Jim Cramer told his Mad Money viewers Monday. There simply isn't enough money to push everything higher at once, he said, and that's how rotations are born," TheStreet's Scott Rutt wrote in his Mad Money recap. "For decades, investors have been told that stock picking is too hard and they'd be better off with an index fund. And while Cramer said he agrees that index funds are great for retirement accounts or those with little time or inclination to pick their own stocks, for those that do, stock picking is the place to be."

"That's because all it takes to be a great stock picker is to use your powers of observation. We all know consumers are spending again, and that's great news for retailers like Walmart (WMT) - Get Report and Costco (COST) - Get Report," he continued. 

"People are still spending on their homes, which makes Lowe's (LOW) - Get Report a great buy, along with everything that goes into Lowe's, like Whirlpool (WHR) - Get Report appliances and Stanley Black & Decker (SWK) - Get Report tools. RH (RH) - Get Report continues to be a favorite," Rutt wrote.

Recap TheStreet Live: Everything Jim Cramer Is Watching Tuesday 

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