Cramer on Lowe’s vs Home Depot: I’m changing my opinion

Those who follow Jim Cramer regularly know that he loves industries that are dominated by two gigantic players, known as duopolies. In the home improvement space, Lowe’s and Home Depot have cornered the market, and lately Cramer has witnessed a strange change in the industry. For a long time, Home Depot was considered to be the undisputed best-of-breed company, and Lowe’s has always been a close second. That domination changed this past earnings season when Lowe’s wowed Wall Street. “Suddenly Lowe’s is the new golden boy, and Home Depot is more like the whipping boy,” the “Mad Money” host said. How the heck did Lowe’s manage to overtake its one real competitor? The metric in retail to watch is same-store sales.

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