Cramer on BloggingStocks: Retail's worrisome rally - Jim Cramer

Sign Up | Log In | What is SocialPicks?

Cramer on BloggingStocks: Retail's worrisome rally
Apr 03, 2008 09:10 AM UTC

Jim Cramer

Return	Risk
+1.85%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
JWN		04/03/08	-2.02%	--
TGT		04/03/08	-32.24%	01/09/09
BBY		04/03/08	+4.86%	08/14/08
WMT		04/03/08	+6.64%	05/12/08

Via BloggingStocks:

Filed under: Wal-Mart (WMT), Market matters, Target Corp. (TGT), Best Buy (BBY), Nordstrom, Inc (JWN), Stocks to Buy, Stocks to Sell, Cramer on BloggingStocks, Recession

TheStreet.com's Jim Cramer says the downside for these stocks is smaller, but they won't be his first line of defense.

You should not get oil ramping and retail ramping. You can't have early-cycle running and commodities running, even though I know that commodities are a "rest of world" story.

I believe that Wal-Mart (NYSE: WMT) (Cramer's Take) can run, but the others? I have to say that if oil isn't going down, these stocks will have a failed rally and retreat again, but not below their recent lows.

The early-cycle rally of the higher-end retailers is the most problematic, because it is the least backed by the estimates. Look how excited everyone was about Best Buy (NYSE: BBY) and now look how poorly it is trading. Nordstrom (NYSE: JWN) (Cramer's Take) and Target (NYSE: TGT) (Cramer's Take) should get hammered again for a couple of points, because the numbers for March are going to be awful.

Continue reading Cramer on BloggingStocks: Retail's worrisome rally

Permalink | Email this | Comments

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.