RealMoney Radio: Revisit Those Retail Downgrades

Cramer says that Staples, Kohl's and JCP are good buys despite what some analysts say.
Publish date:

Goldman Sachs might have downgraded



and UBS might have downgraded

American Eagle Outfitters


, but people should pay no attention, because "retailers on fire," Jim Cramer said on his

"RealMoney" radio show Wednesday.

As an example, he cited


(KSS) - Get Report


JC Penney

(JCP) - Get Report

, which were also recently downgraded, and have moved up since.

"These are unloved companies that are not expensive and are still going higher," Cramer said. "Analysts are negative because of a mindset. They haven't seen these types of runs in years."

"They can't believe these types of rallies and want out," he went on to say.

Market players should not go negative because of these downgrades; instead, investors should use them as opportunities to buy, Cramer urged.


(IBM) - Get Report

is a stock that is "screaming" today, he said.

After being "a dog" for so long, it finally got its expectations at a level where it could beat them, Cramer said. "The growth was so bad at IBM last year that no matter what the company did, it was going to look good," he said.

Since the summer, the stock has gone from $76 to $88, and now Cramer believes the stock could go down one, maybe two points, but will then hit $100.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

clicking here. 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