Jim Cramer Explains Why Investors Should Not Overlook Lowe's, Home Depot Stocks

NEW YORK (TheStreet) -- TheStreet's Jim Cramer says investors have always chosen between Lowe's  (LOW) and Home Depot  (HD) depending on which company was doing better at the time, but he asks what happens when both are doing well?

Cramer says both stocks can go higher when we have big tailwinds such as lower gasoline prices and increased spending on home renovation. He notes it's been ages since this has happened, but now it has.

Cramer points out that Lowe's has a bit more growth than Home Depot, but he likes both stocks right now and has liked each of them at one point or another in the past. Home Depot's decline Tuesday was a buying opportunity, according to Cramer, and he thinks Lowe's can go higher.

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Cramer says these are moves that the analysts don't trust and he thinks these stocks can go up for multiple years because people are finally starting to spend money on housing. Therefore, he tells investors not to overlook either stock.

LOW Chart LOW data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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