Jim Cramer's Wall Street Confidential Picks, May 15

Recap of Jim Cramer’s comments on Wall Street Confidential, Tuesday May 15. Click on a stock ticker for more analysis:

J.C. Penney (JCP), Kohl's (KSS), Wal-Mart (WMT), Target (TGT), Home Depot (HD)

Cramer thinks retail stocks will improve with the weather and should rise in the summer. April was stormy for consumer spending, gas prices, and housing, and it was also, well, stormy; "I wish that retail was more immune to the weather, but it isn't," Cramer said, noting when the weather improved the last 1o days of April, so did the stocks. Cramer would buy JCP, KSS, and reversing preferences, he says he now likes WMT better than TGT. He was worried that a bad report and a negative forecast from HD would bring down the rest of the sector, but he did not expect the macro number and the healthy consumer price index to give the market momentum. Since the number indicated inflation is not a major problem, Cramer declares a Fed rate cut is "back on the table."

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