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
reported a quarterly loss and
Best Buy
(BBY) - Get Best Buy Co. Inc. Report
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) - Get Tiffany & Co. Report
, which TheStreet.com Ratings
downgraded last week
, bargain-hunting consumers will likely turn to shopping at stores such as
Sears
(SHLD)
TheStreet Recommends
and
Wal-Mart
(WMT) - Get Walmart Inc. Report
.
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
, 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."
In addition to giving Sears a second look this holiday season, investors might want to check out Lampert's other retail holdings. In a June 2007 episode of "Mad Money," Jim Cramer said that piggybacking off big-name investors can sometimes be "better than coming up with your own ideas." In such a volatile market, it certainly can't hurt to see what someone with as many successful investments under his belt as Lampert is dipping into now.
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