The question, though, is how long can this continue?

The good news is that Lowe's is no longer suffering from self-inflicted wounds. It seems as though Michael Jones, who the company added earlier this year as chief merchandising officer, already deserves a raise.

For now, however, it is investors who have benefited from the company's hard work and solid improvements. These shares should end the year at $50. And until that mark is reached, I believe that this stock should be in your portfolio.

At the time of publication, the author held no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Richard Saintvilus is a co-founder of StockSaints.com where he serves as CEO and editor-in-chief. After 20 years in the IT industry, including 5 years as a high school computer teacher, Saintvilus decided his second act would be as a stock analyst - bringing logic from an investor's point of view. His goal is to remove the complicated aspect of investing and present it to readers in a way that makes sense.

His background in engineering has provided him with strong analytical skills. That, along with 15 years of trading and investing, has given him the tools needed to assess equities and appraise value. Richard is a Warren Buffett disciple who bases investment decisions on the quality of a company's management, growth aspects, return on equity, and price-to-earnings ratio.

His work has been featured on CNBC, Yahoo! Finance, MSN Money, Forbes, Motley Fool and numerous other outlets.

If you liked this article you might like

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Lowe's Predictable Plateaus

These Stocks Pay You to Own Them

Cramer: Dominoes Are in Play Today

Cramer: Irma and Harvey Busted the Algos