Cramer's Stop Trading! EBay, the Housing Savior (10/8/09)

Stocks discussed on Jim Cramer's Stop Trading! TV segment, Thursday October 8.

eBay (EBAY), Kohl's (KSS), Ross Stores (ROST), J.P Penney (JCP), Nordstrom (JWN)

"eBay may revolutionize the Florida real estate market," said Cramer discussing eBay's auctioning foreclosed properties on its website. This may be a way out of the mess many banks are in.

While many are giddy about the strong retail numbers, Cramer agrees with JP Morgan analyst Michael Crembalest that the major factor is government spending. While Cramer thinks the consumer is back, he says he doesn't want to underestimate the role of the government. Kohl's trounced the expected 0.1% increase with a 5.5% gain in sales. Nordstrom, JC Penney and Ross Stores also performed well.

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Comments

[Patricia013:]

Perhaps a lot of these foreclosed properties in Florida are from ex-ebay sellers who were kicked aside by John Donahoe and his diamond sellers. There are literally thousands of them - one should think of them once in awhile! It will be a long long time before the public overlooks what Donahoe did with Ebay. Word of mouth is very powerful and most small sellers are spreading the word around and will do so for a long time to come!

Oct 12 10:13 PM