NEW YORK (TheStreet) -- Retail has been a mixed bag this quarter. TheStreet's Jim Cramer gives "Mad Money" research director Nicole Urken his rundown on the sector.
Despite being up over 150% in 2013, Best Buy (BBY) continued to impress investors after reporting its latest earnings.
Cramer added that stocks do well when things aren't as bad as expected, and make another leg higher when the company is actually doing good, like Best Buy in this instance.
Home Depot (HD) and Lowe's (LOW) reported solid earnings, but Lowe's estimated comparable-store sales will grow only 4%. Cramer added that investors can't pay 20 times a company's earnings for 4% comp growth.Although J.C. Penney (JCP) posted an 11% drop in comp sales, the store has new signs of life. It will have the credit necessary to make it through the holiday season, which should push the stock higher, according to Cramer. Although TJX Companies (TJX) sold off after Macy's (M) reported earnings last week, the stock jumped on its own good results. Cramer concluded that succeeding retail stocks have been led by strong leadership and effective execution. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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