NEW YORK (TheStreet) -- 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:
- The resilience of the market, and
- Misses from some initial public offerings.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
More Negative-to-Positive Action
Posted at 3:31 p.m. EST on Friday, July 11, 2014
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in the stocks mentioned.
Who's Got the Funk? Posted at 12:52 p.m. EST on Thursday, July 10, 2014
Is the consumer in a funk? Or is she just in a funk when she goes to The Container Store (TCS)? Is the consumer holding off plans to re-model her house after the big winter storms? Or is she just not using the flooring from Lumber Liquidators (LL)? Did gardeners start spring planting later, or did they just not get their supplies at Tractor Supply (TSCO)? These are the questions coursing through investors' heads as they try to make sense of these last few misses from the highly touted initial public offering of Container Store, the Steady Eddie farm and garden merchant that is Tractor Supply, and the flooring specialist Lumber Liquidators. First, I don't think there is a "funk," and I wasn't keen on The Container Store's CEO using that word to describe what happened after the weather got better but the customers didn't return. Shoppers at Williams-Sonoma (WSM) didn't experience a funk after the weather cleared, or before the weather cleared, for that matter. Shoppers at Restoration Hardware (RH) spent like mad before, during and after the tough winter. They were not in a funk; they were euphoric. (COST) knows how to adjust to the seasons, and so can a Home Depot (HD), which I know is going to stay down as collateral damage but I bet weathers the weather and whatever funk there might be. Lumber Liquidators seems downright silly in its introspection, if you can call it that, and The Container Store doesn't even seem to ask, like Cassius, if the fault could possibly be in themselves and not the funky stars. Home Depot and Costco would simply say, "We need to do a better job of executing." So my takeaway is a clean one: If, indeed, things are spotty out there, don't play with this group -- but if you do, go with those names that are executing superbly, and don't pick those that blame the weather or the customer. Those retailers are better to shop at than to own.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long COST.
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