Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Lowe's : Shares fell more than 2% despite the home-improvement retailer's first-quarter sales and earnings topping Wall Street expectations. Comparable store sales, a key retail metric, declined 4.1% in the quarter. "This group has just been so trash because there's no housing turnover," Jim Cramer said.
Lam Research : The maker of chip manufacturing equipment announced a stock buyback program worth $10 billion and a 10-for-1 stock split. Shares added more than 1.5%. "Lam is the jewel of the crown. Remember this is . I think that the stock will go to an all-time high," Cramer said. Toast : Shares fell 3% after Baird downgraded the stock to neutral, saying the risk/reward is more balanced after its big run up in recent months. "Toast is really about the formation of restaurants.
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