Jim Cramer's Best Blogs

Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

• retail winners,
• a financial bottom, and
• oil's spike.

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Retail Has Pockets of Greatness

Originally published on Wednesday, April 30, at 2:31 p.m.

Now that the Fed's out of the way with its bullish cut and the marking up can begin, it's time to acknowledge that retail's selectively on fire. Urban Outfitters (URBN Quote) catches a downgrade from Raymond James and then it proceeds to go to 52-week highs. That three-headed franchise -- Urban, Anthropologie and Free People -- has an uncanny ability to locate in the right places, offbeat places, and execute extraordinarily well with a treasure-hunt excitement.

Speaking of treasure-hunt excitement, how about Costco (COST Quote), which is pennies away from its high and continues to execute better than any retailer out there. Food hoarders rejoice -- it's your store!

Wal-Mart (WMT Quote)? I have been saying this one is going to $60 because people feel poor, courtesy the negative troika of housing, oil and food. Portfolio managers know that this is the place to buy, even though they have never stepped foot in one.

My fourth horse, TJX (TJX Quote), has stalled here, but I think with so many retailers having problems TJX will get more than its fair share of close-out merchandise.

We've got three others on the move, too, that are worth at least pondering. The first, Phillips-Van Heusen (PVH Quote), must have something going on. Check out the spike in that chart. The quarter was disliked, but the aftermath has seen nothing but buyers.

J.Crew's (JCG Quote) acting well. Good style with good value. Mickey Drexler's a buy any day of the week, and I would still buy his stock here.