Jim Cramer Reacts to Toll Brothers, Target and Lowe's Earnings

There's a remarkable renaissance in housing, according to TheStreet's Jim Cramer.
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TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer reacts to a host of strong consumer earnings reports from Toll Brothers (TOL) - Get Report , Target (TGT) - Get Report and Lowe's (LOW) - Get Report .

Here are Cramer's thoughts:

  • Toll Brothers: Home prices are going up and lumber prices have declined
  • Lowe's: The stock dropped after earnings, but soon recovered. "[The decline is from] people who don't do homework," Cramer noted. 
  • Target: Cramer thought Target was terrific. The company posted a 41% year-over-year rise in digital sales. (Target is Real Money's stock of the day.)