Retail Stock-Shopping With Eddie Lampert

Updated from 7:08 a.m. EDT

With the holiday shopping season just around the corner, investors are taking a closer look at retailer stocks. After Macy's(M Quote) reported a quarterly loss and Best Buy(BBY Quote) lowered its earnings guidance, the retailers have taken a beating. However, stock shoppers may find some hidden bargains.

With most investors are bearish about retail stocks during this holiday season, if some of the retailers surprise on the upside, there could be some short-term opportunities. Although some of the higher-end retailers may be hurt, such as Tiffany(TIF Quote), which TheStreet.com Ratings downgraded last week, bargain-hunting consumers will likely turn to shopping at stores such as Sears(SHLD Quote) and Wal-Mart(WMT Quote).

On Sept. 19, Sears was one of the 10 top-searched stocks on TheStreet.com. In the "Lightning Round" segment of his Mad Money TV show on Sept. 18, Jim Cramer, who has been a fan of Sears Chairman Eddie Lampert, said about the stock: "Lots of people have been selling this one short. There are more shares sold short than exists. This one is sitting pretty and I'm long Sears." ...