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
, 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.
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.
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