Jim Cramer tuned into home-electronics retailers on TheStreet.com TV's Wall Street Confidential Web video Wednesday.
, which is up significantly today, has been "struggling for relevance," he said.
The retailer has been trying to compensate for losing money by putting up new stores, he told Gregg Greenberg, the host of Wall St. Confidential. But now Circuit City has recognized that things aren't great and that it can't keep expanding, Cramer said.
However, when it comes to competing with
, Cramer believes Circuit City has "lost the war."
, which is close to its 52-week high, "is great," Cramer said. "Julian Day is one of those guys who recognized that you can't have the same store in Atlanta that you have in Oregon."
He also mentioned that after having Vincent Sollitto, the CEO of
( BRLC), on his
"Mad Money" show last night, he is struck by the strength of big-screen TVs.
"This high-def cycle is big for everyone involved," Cramer said.
House of China
another video segment, about ancillary housing plays, Cramer said furniture production is one of those industries the Chinese own.
The Chinese can produce it and ship it here in a way that they can undercut American furniture manufacturers.
"I have watched a lot of furniture companies go under," Cramer said. "When
says that things aren't good, you have to run from all these other guys."
Even though Ethan Allen's CEO has said the company will perform better in the fall, Cramer said he doesn't necessarily believe that, because executives can say whatever they want and get away with it. Moreover, it's not as if the CEO knows for sure that the company is going to turn, he said.
When Greenberg named
as another ancillary housing play, Cramer said he'd rather see people own
, as he considers Scotts too much of a weather play.
At the time of publication, Cramer has no positions in 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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