Jim Cramer's day by day Rapid Fire looks at stocks within the news outside of the CNBC Investing Club portfolio. Lowe's: The home improvement retailer beat expectations on earnings but missed on sales. Lowe's also lowered its full-year forecast. Shares were higher earlier but then fell barely into negative territory. “The stock is hanging because of the Federal Reserve. Nobody wants this stock before Jackson Hole,” Jim Cramer said Tuesday. Lowe's says it needs an improvement within the housing market. “The Fed is cutting rates [rates]we're getting transactions.” Medtronic: The medical device giant raised its full-year guidance after beating quarterly estimates. The stock rose 3%. “I know Medtronic was one of my favorites,” Cramer said. “I'm not sure about this one.” Amer Sports: The company behind the Salomon and Wilson brands delivered a better-than-expected quarter. The stock rose greater than 12%. “This was a disappointing quarter. Maybe it's finally showing some life,” Cramer said. Vornado Realty: The real estate investment trust was double upgraded from sell to purchase at Evercore ISI. Shares rose modestly to a 52-week high. Many people think “it's too far-fetched to think that urban real estate can recover,” 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 modified. “The company has always been money.”
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