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NEW YORK (TheStreet) -- Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Home Depot (HD) and Lowe's (LOW): Looking for a bright spot in the markets? You may not have noticed, but home buying levels have finally returned to 2006 levels, and unlike 2006, everyone getting a mortgage today is actually qualified to have a loan. Additionally, home prices are rising, smartly, year over year, finally dispelling the notion that owning a home is the quickest way to lose your shirt.
With over two million new households expected to be created this year thanks to an improving job and housing market, Cramer said home builders will once begin to start developing all that land they've been hoarding these past few years.
What does all this good news mean for stocks? The obvious choice remains Lowe's and Home Depot, Cramer concluded, because spending money on your home has just flipped from being an expense to an investment.