With the holiday season fast approaching, I thought it would be worthwhile to look at some of the retailers that have been severely beaten up these past six months.
Regardless of the economy, a lot of these stocks are trading at 8, 9 and 10 times cash flows, have recently launched stock-buyback programs or have experienced large insider buying. While no one can call a bottom, we can certainly sleep better at night knowing the CEO is confident enough to buy the stock of his own company.
Two weeks ago, Jim Cramer dedicated the opening segment of his "Mad Money" TV show to these lagging retailers. Cramer's logic was very simple: "A Fed rate cut and cold weather could rejuvenate some languishing retail stocks." He also made a strong case that "lower interest rates mean there will be more cash flowing around, making consumers feel richer." And just yesterday, Cramer laid out the case for the sector in a video he recorded for TheStreet.com TV: Cramer: Retail Rocks When Times are Tough.
With all of this in mind, let's take a look at a few of these Top 10 Retail Rocket Stocks. ...
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