"No one thought housing was bottoming when it bottomed," said Jim Cramer on CNBC's "Stop Trading!" segment on Wednesday. He said something similar is going on with retail, which is getting better when nobody expected it to.
"You've got this incredible all-at-once retail thing going on," he said, which is sending stocks across the board up, including Target(TGT Quote), Williams Sonoma(WSM Quote), Tiffany(TIF Quote), Dollar Tree(DLTR Quote) and Family Dollar(FDO Quote). That the higher-end retail companies are gaining is particularly telling, said Cramer. "Tell me if you really need anything at Williams Sonoma," he said. "That can't be going up if people are in a recession." Cramer turned to Coinstar(CSTR Quote), which he recommended on a recent "Mad Money" episode. On news today that Paramount will begin to supply its DVDs to Coinstar on a trial basis, Cramer said: "If you get all the movie companies to go along, it's a big deal. This is going to replace Blockbuster(BBI Quote)."- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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