Jim Cramer -- Target Roars While Lowe's Struggles

It's clear that there are a few different trends going on in the retail sector now that the earnings results are starting to come in, said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, on CNBC's "Mad Dash" segment. And shares of Target (TGT) are higher by more than 8% Wednesday after the company beat on top- and bottom-line earnings estimates. 

While Target sales fell more than 6% year over year, earnings per share grew by 10%, and the company expects to grow earnings by that amount for full-year 2016. That means management expects a strong holiday season, Cramer said.

The good results puts the focus on Walmart (WMT) ahead of its results, Cramer noted. This is the most upbeat Cramer said he has seen Target's CEO Brian Cornell since he took the job in August 2014. 

Target is arguably doing the best in retail, but the situation at Lowe's (LOW) isn't the same. Cramer said the company's results were "very disappointing." It missed on both the top and bottom lines. 

Of course, the news comes just one day after Home Depot (HD) beat on earnings per share and revenue expectations. The gap right now between Home Depot and Lowe's is the biggest Cramer said he has observed in a long time. 

Lowe's is clearly struggling to keep up with Home Depot, although its stock is down just 2% on the session so far. 

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