Jim Cramer's daily quick analysis of stocks making the news outside of the CNBC Investing Club portfolio. Lowe's: The home improvement retailer beat expectations on earnings but not on revenue. Lowe's also lowered its full-year outlook. Shares rose earlier but turned slightly negative. “Stocks are hanging because of the Fed. Nobody wants these stocks before Jackson Hole,” Jim Cramer said Tuesday. Lowe's says it needs housing to improve. “Fed lowers earnings expectations.” [rates]Medtronic: The medical device giant raised its full-year outlook after beating quarterly estimates. The stock rose 3%. “I know Medtronic has been one of my favorites,” Cramer said. “I’m not sure about this.” Amer Sports: The company behind the Salomon and Wilson brands had a better quarter than expected. The stock rose more than 12%. “This has been one that’s been a disappointment. Maybe it’s finally showing some life,” Cramer said. Vornado Realty: The real estate investment trust received a double upgrade from buy to sell at Evercore ISI. Shares rose modestly to a 52-week high. Many people think “it’s a bridge too far to think urban real estate can come back,” Cramer said. He stressed that’s not the case. “It’s good.” Abercrombie & Fitch: The retailer was named a positive catalyst idea at Citi. The stock was little changed. “The company has been money time and time again.”
