This column was originally published on RealMoney on Sept. 27 at 11:55 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
Two turnaround stories are garnering a lot of attention today, and I am one-for-two with them.
First, the good. We are seeing
XM Satellite Radio
paying down debt so it has longevity. Bear Stearns has an excellent note today talking about how XM can now borrow money. The implication is that any liquidity problems are behind it, so the stock is going higher.
Second, the bad. I think I may have completely missed this
move, as part of my inability to see any chances at the Gaps I go to. Gap traffic has improved, and this is a rising tide lifting all boats.
Retail is exceedingly strong in September, and we are obviously going to see blow-away numbers from most retailers, including Gap!
So, it's tough to go wrong with the group. Good weather, excellent gasoline prices -- $2.20 -- all mean stocks propel ever higher.
At the time of publication, Cramer had no positions in the stocks mentioned in this column.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.