NEW YORK (TheStreet) -- Retail stocks were the focus of Friday's "Cramer's Stop Trading" segment on CNBC.
TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, noted a Goldman Sachs report advising investors to buy Macy’s (M) and sell Kohl’s Corp. (KSS) ahead of earnings.
Cramer wasn't so sure. He noted Macy’s has already moved much higher and now has a "high bar to clear." Meanwhile, the news out of Kohl’s doesn’t seem too bad.
Retailers such as Home Depot (HD) are also moving higher, and he attributed that to lower gasoline prices bringing more customers to stores and falling interest rates. Gasoline prices will likely continue moving lower, he added.
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Cramer concluded that his picks are retailers with domestic exposure, not international exposure.
-- Written by Bret Kenwell in Petoskey, Mich.