NEW YORK (TheStreet) -- Any bargains in the retail sector? TheStreet's Jim Cramer and Debra Borchardt discussed some of the recent pops and drops in the retail group.Vera Bradley ( VRA - Get Report) and Francesca's ( FRAN - Get Report) were two names that really disappointed investors late Wednesday after their dismal earnings reports. Borchardt pointed out that Vera seemed too focused on fashion, which can momentarily flourish but ultimately fails. With a departing CEO, the scene has gotten ugly for the company. Francesca's biggest problem came from expanding the number of its stores too fast while not necessarily having growth within the stores. Ascena Retail ( ASNA - Get Report) was another disappointing company after its third-quarter results. Cramer thought that the numbers would have to be near perfect for this stock to have a chance, and they were far from it. "I don't think this stock is done going down," Cramer added. But there were some retailers who came out with some positive numbers. Conn's ( CONN - Get Report) has shown incredible strength, which can most likely be attributed to the strong housing recovery. The home appliance retailer could continue to see strong growth if the recovery stays intact, he said. Costco ( COST), a holding of the Action Alerts Plus charitable trust Cramer co-manages, was another strong name. As Cramer pointed out, when you subtract foreign exchange and gasoline you get a much clearer picture on how the company is actually performing. In relation to Costco, he concluded, "This was a better-than-expected quarter and there are not many retailers that are doing better than expected." -- Written by Bret Kenwell in Petoskey, Mich. Follow @traderboy23
More from Opinion
Walmart Is a Defensive Stock to Add to the Shopping List
Walmart's second-quarter performance was a reminder that value can be captured in a generally soft equities market, particularly by playing the high-quality, counter-cyclical card amid macroeconomic worries.
Cisco Is a High-Quality Stock Worth Snatching on Weakness
'Be greedy when others are fearful,' Warren Buffett once said. This is particularly true of a high-quality stock like Cisco, dumped on earnings day amid equity market jitters.
Kohl's Has Changed From a Value Play Into a Value Trap on Trade War Fears
Kohl's shares may look cheap at first glance. But the company faces enough challenges, from lack of product innovation to trade war concerns, that make the stock risky.
Relax -- Your Stocks Can Handle China and a Weaponized Yuan
The psychological impact of the yuan breaching 7 USD may actually augur well for U.S. stocks. And if China lets the yuan get even weaker, it may unite the rest of the world against it.