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NEW YORK ( TheStreet) -- In retail, execution is everything, Jim Cramer said on "Mad Money" Tuesday. Cramer said today's retail earnings proved that when you have the right items in the right packaging and at the right price, even the most beaten-down of retailers has a fighting chance to get back up swinging. Turnarounds happen all the time in the sports world, said Cramer, but when Best Buy ( BBY) got a new CEO last year, no one cared. That was until today's surprise earnings that sent shares soaring by 13%. It was a similar story at Urban Outfitters ( URBN), whose new management team has spent the last 18 months revamping that ailing retailer, sending its stock up over 100% -- with an 8% move just today on strong 9% growth in same-store sales. And then there's J.C. Penney ( JCP), the retailer that just a few months ago was in a terminal tailspin. But since then, thanks to strong promotions, private-label sales and a new housewares department, the back-to-school season is strong at Penney; more importantly, the company has enough cash to make it through the holidays. Cramer said that even with interest rates rising and home sales slowing, he still wants in at Home Depot ( HD), because he knows that management team knows how to execute. He said all of these companies offered no excuses and no alibis -- they just provided results.
Betting on CasinosThere's a battle brewing in Las Vegas among the casino operators, Cramer told viewers. Las Vegas Sands ( LVS) offered up some sharp words for rivals MGM Resorts ( MGM) and Caesars Resorts ( CZR), two companies Sands accuses of deeply discounting rooms to pay off their enormous debts. But with shares of Las Vegas Sands up only 23% for the year, compared to 48% and 156% for MGM and Caesars, respectively, isn't Sands the one with the problem? Cramer said that while Sands is now more of a China story, with over half its revenue coming from overseas, MGM and Caesars are the true Vegas high rollers. While Caesars is indeed on shaky ground and with large debts to repay, MGM has made real progress with its balance sheet and is poised to even turn a profit in 2014. The company now earns nearly $3 in casino and entertainment revenue for every $1 a guest spends on the room, Cramer noted, which makes it a wise decision to discount those rooms.
So who's right? Cramer said both sides are. He blessed owning Sands, along with Wynn Resorts ( WYNN), for any investor who feels China is on the rebound, but also MGM for investors betting on a big turn in Las Vegas.