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Cramer on BloggingStocks: Retail's rally is the key here

 Aug 18, 2008 10:30 AM UTC
Return Risk
-20.88% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
WM Positive 08/18/08 -14.94% 08/26/08
WB Positive 08/18/08 -70.71% --
KSS Positive 08/18/08 -0.87% 09/02/08
JCP Positive 08/18/08 +2.60% 09/02/08
M Positive 08/18/08 -4.20% 09/02/08
SHLD Positive 08/18/08 +2.83% 09/02/08
BKE Positive 08/18/08 -49.65% --
LOW Positive 08/18/08 -23.97% --

Graphic_arrow1 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 do...



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