More Videos:

Cramer Quick Take: Buy Home Depot and Lowe's

Tickers in this article: HD LOW
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

NEW YORK (TheStreet) -- Things are going to be looking up for the home improvement stocks, Jim Cramer told Lindsey Bell at Monday.

That's why both Home Depot (HD) and Lowe's (LOW) are buys.

Cramer said both companies have been in turnaround mode for some time. But with housing beginning to recover, both stocks should begin to do well.

>>> On Tuesday, November 20 at 6pm ET, TheStreet will host a Trade Credit Insurance webinar with Todd Lynady, Senior Underwriter for Zurich in North America and Mike DeLuca, Senior Partner of One Source. Register now.

Even more important, however, are the effects from Hurricane Sandy, Cramer said. In many areas of New Jersey, for example, homeowners are still not even allowed to survey the damage, let alone begin to repair it.

"We just don't know the extent of the damage," Cramer said, but the rebuilding efforts will surely be a tailwind for these stocks.

Of the two, Cramer said Home Depot remains his favorite because the company reported a stellar quarter but was drowned out by fiscal cliff concerns.

To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.

-- Written by Scott Rutt in Washington.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

Usage of this site is governed by TheStreet's Terms of Use available here. Information collected on this site may be collected by TheStreet and OC Register. TheStreet's use of information collected on this site will be governed by TheStreet's privacy policy available here. OC Register's use of information collected on this site will be governed by OC Register's privacy policy available here. If either TheStreet's or OC Register's privacy policy have provisions that are more restrictive than the provisions of the other party's privacy policy, such more restrictive provisions shall not apply to such other party.

Copyright © 2012 Orange County Register Communications. All Rights Reserved.
Site Help | Site Map