Show Entire Article
TJX Cos. was pulled down with the rest of retail this week, Cramer said during Wednesday’s Stop Trading!, but the hit was undeserved.
While most retailers who reported earnings over the past few days had announced that “things were good but they could be tough,” Cramer said, TJX [ TJX 37.81 
-0.50 (-1.31%) ] was largely positive. In fact, the company delivered a strong quarter and guided higher. Investors who sold TJX as they sold Target [ TGT 48.76 -0.54 (-1.10%) ] “are making a mistake.”
- Suze: 10 Reasons to Fear Your Financial Advisor
“This one’s got momentum,” Cramer said of TJX.
Dry-bulk shippers suffered a two-year bear market, Cramer said, but “the bear market is over.” Day rates have risen over the past 10 days, and he expected the trend to continue. The V-like pattern in the sector’s stocks usually indicates the start of a rally, he said, which should mean the companies’ well-known dividend payouts would return in 2010. Cramer recommended Diana Shipping [ DSX 13.27 -0.26 (-1.92%) ] as his favorite in the group. (Click here for Cramer's top oil-tanker stock.)
Show Entire Article
More Top Stories