Jim Cramer says a double developer stock upgrade signals city real estate back

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Jim Cramer says a double developer stock upgrade signals city real estate back
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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Lowe's : The home improvement retailer beat on earnings but missed on revenues. Lowe's also cut its full-year outlook. Shares were higher earlier but turned modestly negative. "The stock is hanging because of the Federal Reserve. No one wants to this stock ahead of Jackson Hole," Jim Cramer said Tuesday. Lowe's says it needs housing to be better.

"I'm not sure about this one." Amer Sports : The company behind the Salomon and Wilson brands delivered better than expected quarter. The stock jumped more than 12%. "This one has been one that's been a disappointment. Maybe it's finally showing some life," Cramer said. Vornado Realty : The real estate investment trust got a double upgrade to buy from sell at Evercore ISI. Shares rose modestly to a 52-week high.

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