Jim Cramer Tells Us Why Investors Should be Excited Over Washers and Dryers

Appliance sales are driving results for companies like Best Buy, J.C. Penney,and Home Depot, according to Jim Cramer, who says consumers are spending more money on home improvement.
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Appliance sales are driving results for companies like Best Buy  (BBY) - Get Report , J.C. Penney  (JCP) - Get Report  and Home Depot (HD) - Get Report , according to TheStreet's Jim Cramer, who says consumers are spending more money on home improvement. Cramer says in the case of Best Buy, appliance and home theater sales trumped worries about gaming and cell phone sales. Cramer has been neutral on Best Buy, but he expects the stock will get some upgrades based on its results. Other companies, like J.C. Penney and Home Depot, are also benefiting from the trend of strong appliance sales. Cramer likes J.C. Penney, which he notes continues to take business away from Sears  (SHLD)  He also likes Home Depot, and Costco  (COST) - Get Report  which he says is currently undervalued. Cramer also discussed Toll Brothers' (TOL) - Get Report earnings, saying that low inventory is helping to drive sales, and that consumers are investing in their homes because housing values are rising.