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Cramer on BloggingStocks: This retail tide can lift all boats

 Sep 02, 2008 09:00 AM UTC
Return Risk
+2.42% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
KSS Positive 09/02/08 +8.24% 11/25/09
PG Positive 09/02/08 -12.34% 11/20/08
JCP Positive 09/02/08 -30.08% --
DELL Positive 09/02/08 -61.52% 03/09/09
M Positive 09/02/08 -23.80% --
URBN Positive 09/02/08 -8.96% --
SHLD Positive 09/02/08 -24.07% 11/25/09
CAL Positive 09/02/08 -7.31% --
BBY Positive 09/02/08 -17.29% 07/31/09
RL Positive 09/02/08 +6.00% --
PEP Positive 09/02/08 -18.81% 01/06/09
AMR Positive 09/02/08 -37.65% --
GIS Positive 09/02/08 -6.47% 11/20/08
WMT Positive 09/02/08 -13.51% 01/09/09
JNY Positive 09/02/08 -15.88% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Dell (DELL), Wal-Mart (WMT), PepsiCo (PEP), Market matters, Penney (J.C.) (JCP), Best Buy (BBY), Sears Holdings (SHLD), General Mills (GIS), Procter and Gamble (PG), Kohl's Corp (KSS), AMR Corp (AMR), Contl Airlines'B' (CAL), Economic data, Oil, Jones Apparel Group (JNY), Polo Ralph Lauren'A' (RL), Urban Outfitters (URBN), Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says with gas coming down further, the coming rally could be broad and fierce.

The great hurricane fakeout leaves us with oil much lower than it began, having launched itself from $112. Now that the $110 level's been breached and natural gas has gone as low as $7.50, we can begin to put together a holiday scenario that might -- just might -- explain the incredible run in retail that's been going on.

The presumption in retail, if you use Wal-Mart (NYSE: WMT) (Cramer's Take) as retail, was that once the stimulus wore off, presumably last month, the stocks would get hammered. On Aug. 7, Wal-Mart as much as told you that, and the stock dropped to $57 from $60.90.

Ever since then, it has been creeping up. Kohl's (NYSE: KSS) (Cramer's Take) dropped a point from that warning, going from $45 to $44. It is now at $49. Macy's (NYSE: M) (Cramer's Take) went from $19.80 to $18.90 before bouncing to $20.82. Jones (NYSE: JNY) (Cramer's Take) went from $17.40 to $17.20 before roaring to $19.80. Ralph Lauren (NYSE: RL) (Cramer's Take), because of a great quarter, didn't even get hurt, rallying from $67 to $75.

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