NEW YORK (TheStreet) -- Over the past few days, "every single retailer that reported said that things were good but could be tough," said Jim Cramer on CNBC's "Stop Trading!" segment, "except for one: TJX(TJX Quote)."
Nevertheless, "they all went down," he said. "That's wrong. TJX should've gone higher. They delivered a beautiful quarter." TJX, which used to purchase leftover merchandise from other stores, is now going directly to wholesalers, said Cramer. "TJX is really coming into its own here," he said. "Those who sold it like Target(TGT Quote) really made a mistake." He said people want bargains and quality, and they find those things at Costco(COST Quote) and TJX. Addressing Applied Materials'(AMAT Quote) acquisition of Semitool(SMTL Quote), Cramer said he preferred Cadence(CDNS Quote) to Semitool. He noted that Cadence has "had some real management shakeup" and a "quarter that nobody liked," but he said that the company is starting to rebuild its credibility. As for Goldman Sachs(GS Quote), Cramer said it's time for the company to "stop feeling guilty" and "start feeling proud." He said the firm does a "good job" and creates wealth for its clients, and we should "let the government answer for why it helped Goldman, not Goldman itself."-- Written by Rebecca Corvino in New York.- Loading Comments...
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