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

Lowe's beat earnings expectations but missed on revenues and cut its full-year outlook. The uncertainty around the Federal Reserve influences investor sentiment ahead of Jackson Hole.
Medtronic raised its full-year outlook after exceeding quarterly estimates, prompting a stock rise. However, Cramer remains cautious, indicating the landscape can change.
Amer Sports surprised with better-than-expected quarterly results, leading to a substantial rise in stock value. Cramer noted this could be a potential turnaround for a previously disappointing stock.
Vornado Realty received a double upgrade, reaching a 52-week high. Cramer argued that the recovery of city real estate is possible despite prevailing skepticism.
Read at www.cnbc.com
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