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Jim Cramer's Stop Trading! MasterCard Charges
Tuesday's soft earnings at retailer Best Buy (BBY Quote) and steelmaker Nucor (NUE Quote) are "worrisome" but not a sign of consumer weakness, Jim Cramer said Tuesday on CNBC's Stop Trading! segment.
Cramer said the consumer is still "on fire" despite Best Buy's third-quarter margin shortfall. Cramer also shrugged off a comment by credit card processor Visa that spending hasn't been as strong as expected.
"There are lots of price wars going on," Cramer said, pointing to efforts to gain share on the part of competitors ranging from Costco (COST Quote) to Wal-Mart (WMT Quote). "There's a lot of spending going on." ...
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