Cramer's 'Stop Trading!': Retail Relief

Retailers such as Macy's should be feeling good today, says Jim Cramer.
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"GE (GE) - Get Report is the story, suddenly," said Jim Cramer on Thursday's "Stop Trading!" segment on CNBC. "Before, the story had been Exxon (XOM) - Get Report and the breakdown of oil. Now we've got two stories that are negative for the averages."

Today, S&P changed its outlook on GE to negative. S&P credit analyst Scott Sprinzen joined Cramer and host Erin Burnett on the show. Cramer's main question for Sprinzen was: "Why now?"

Cramer said that things are improving for retail stocks. "If you're a retailer like

Macy's

(M) - Get Report

, you obviously feel better today," he said. "

Abercrombie

(ANF) - Get Report

has put in a bottom. We're seeing some retail action that's not so negative."

At the time of publication, Cramer was long General Electric.

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