Skip to main content

Mad Money Mailbag: Lowe's a Buy at $60

A viewer learns what Cramer makes of the home improvement stocks.

Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.

I'm am employee of Lowe's (LOW) - Get Free Report and can buy the stock at a discount. What is your current opinion of the retailer?-- Larry from Wisconsin

James J. Cramer:

In my opinion, shares of Lowe's,

Home Depot's

(HD) - Get Free Report

chief competitor, are attractive to purchase at or below $60 a share. I believe the market has oversold the retail stocks, which ultimately stand to benefit from the cessation of interest rate hikes and declining energy prices. In my opinion, the home improvement stores will be at the forefront of this recovery.

Lowe's ended the regular trading session Thursday at $61.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here