Twin Turnaround Stories

One's liquidity troubles may be over, while the other is seeing rising traffic.
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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

(XMSR)

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

Gap

(GPS) - Get Report

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.

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