NEW YORK (TheStreet) -- "I am a big believer in what Geithner did today," said Jim Cramer on CNBC's "Stop Trading!" segment, referring to the way Treasury Secretary Timothy Geithner responding to criticism at a Congressional hearing today. "He actually stuck up for himself. Good for him."
Cramer said that while he was a critic before Geithner assumed his Treasury secretary role, he now thinks Geithner's done a good job, pointing specifically to the banking stress test. "I think he deserves a break," said Cramer.
As for retailer earnings, Cramer warned viewers not to look at the dip in
stock price and assume it reported a bad number. Other retailers, including
, reported great numbers, and their stocks still fell.
Sears "has been on a rampage," said Cramer. "People who short this stock know better." He said the stock and all of retail might be down right now, but Chairman Eddie Lampert "delivered." For example, Lampert generated more cash than Cramer had expected, and Kmart had "up numbers."
Still, Cramer would like to see an improvement in the shopping experience at Sears stores. "I would like to shop there more," he said. "I have an unbelievable experience when I go to
. I have a better experience when I go to
-- Written by Rebecca Corvino in New York.
(Editor's note: At the time of publication, Cramer had no positions in stocks mentioned for his Action Alerts PLUS charitable trust.)