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Cramer on BloggingStocks: Retail's rally is the key here |
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| Aug 18, 2008 10:30 AM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Market matters, Penney (J.C.) (JCP), Sears Holdings (SHLD), Lowe's Cos (LOW), Kohl's Corp (KSS), Wachovia Corp (WB), Washington Mutual (WM), Stocks to Buy, Cramer on BloggingStocks  TheStreet.com's Jim Cramer says lower gas prices mean the numbers are too low. People are missing this retail move. They are missing it because the market is deciding right now that the guidance companies are giving is just plain wrong given the $3.50 at the pump (although premium's a lot more expensive). They are also recognizing that the strong are surviving and thriving and taking share in a radical fashion -- witness Lowe's (NYSE: LOW) (Cramer's Take), which must be killing Sears (NASDAQ: SHLD) (Cramer's Take) and the mom-and-pop shops out there. When I met with Lowe's last year, they told me that they have picked up share in every downturn. They did not know when the downturn would end or when you would see the results, but they were confident that the longer the downturn lasted, the more likely they would be to have pulled away from their competition. It looks like this is the breakaway quarter. Why else has there been so much dismissal of the management's negatives that you could see such great runs in a Kohl's (NYSE: KSS) (Cramer's Take) or a Buckle (NYSE: BKE) (Cramer's Take) or a Macy's (NYSE: M) (Cramer's Take) or JC Penney (NYSE: JCP) (Cramer's Take) from the bottom? Continue reading Cramer on BloggingStocks: Retail's rally is the key here Permalink | Email this | Comments<map name="google_ad_map_145-1287472"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1287472?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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