Recap of Jim Cramer’s comments on Wall Street Confidential, Thursday May 17. Click on a stock ticker for more analysis:
J.C. Penney (NYSE:JCP), Sears (NASDAQ:SHLD), Deere (NYSE:DE), Kohl's (NYSE:KSS), Polo Ralph Lauren (NYSE:RL), Saks (NYSE:SKS)
Cramer thinks retail is going higher since gasoline prices have peaked. Although there the shorts are betting heavily against retail "people got these wrong," he said. However, retailers focusing on outdoor goods and furniture might have a problem, since DE indicated outdoor was not going to do well. Cramer is bullish on JCP, KSS and SHLD, but thinks it is ironic that Citigroup rose 2.5 points on the news of Eddie Lampert's $800 million share in the company, while Lampert's own company, SHLD, "has done nothing for months." Cramer adds RL is "very right" at $93, and stressed SKS is a go-name; 'Saks reports next week, and it would be a godsend if the stock goes down.'Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and his Wall Street Confidential Picks.
Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.
Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com