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Jim Cramer's Stop Trading: Lower Gas Prices Could Help Macy's, Kohl's, Retailers

NEW YORK (TheStreet) -- It was only a matter of time before people started talking about the consumer having more money in his or her pocket due to lower gasoline prices, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Stop Trading" segment. 

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Stocks like Macy's (M - Get Report) and Kohl's (KSS) are higher, despite the disappointing earnings report from Michael Kors (KORS - Get Report), and that's likely because gasoline is so low, Cramer said. 

Lower gas prices mean consumers have more money to spend. When combined with the back-to-school season, these retailers could get a much needed boost, he concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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