Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK ( TheStreet) -- In retail, execution is everything, Jim Cramer said on "Mad Money" Tuesday. Cramer said today's retail earnings proved that when you have the right items in the right packaging and at the right price, even the most beaten-down of retailers has a fighting chance to get back up swinging.
Turnarounds happen all the time in the sports world, said Cramer, but when Best Buy (BBY) got a new CEO last year, no one cared. That was until today's surprise earnings that sent shares soaring by 13%.
It was a similar story at Urban Outfitters (URBN), whose new management team has spent the last 18 months revamping that ailing retailer, sending its stock up over 100% -- with an 8% move just today on strong 9% growth in same-store sales.And then there's J.C. Penney (JCP), the retailer that just a few months ago was in a terminal tailspin. But since then, thanks to strong promotions, private-label sales and a new housewares department, the back-to-school season is strong at Penney; more importantly, the company has enough cash to make it through the holidays. Cramer said that even with interest rates rising and home sales slowing, he still wants in at Home Depot (HD), because he knows that management team knows how to execute. He said all of these companies offered no excuses and no alibis -- they just provided results.