This column was originally published on RealMoney on Oct. 25 at 10:44 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
The bears are ready to put their heads in an oven over
. They simply don't believe that it matters that Wal-Mart is going to slow down expansion. They want to focus on the awful same-store sales.
Not me. I want to focus on the fact that the retailers have moved so much that people simply can't resist, they have to own a cheaper retailer, and now that they have a thesis behind this one -- slower growth and possibly better execution -- they have to jump at it.
The retail analysts always make a crucial mistake as they analyze each company's prospects. They don't seem to realize that this group has always had a circle-back, catch-up quality to it. More important, there are non-retail analysts desperate to own a stock in this, the best-performing group of late.
American Eagle Outfitters
Abercrombie & Fitch
haven't let you in. Wal-Mart's letting you in.
So they are going in, even as these sticklers are saying they shouldn't!
College students, listen up!
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At the time of publication, Cramer had no positions in any of the stocks mentioned.
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
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