NEW YORK (TheStreet) -- Jim Cramer took a look at retail stocks during CNBC's "Cramer's Mad Dash" segment following some key earnings reports.
The co-manager of the Action Alerts PLUS portfolio noted investors had high expectations for Home Depot (HD) before the company beat on the top and bottom lines and saw comparable-store sales rise 5.8%.
On the other end of the spectrum, Cramer said shares of TJX Companies (TJX) are higher by 7%, following its top and bottom line beat. However, investors had much lower expectations for the company.
Analysts' estimates for TJX Companies will need to increase since the bar has been set so low, he suggested.
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Individual retail stocks are going to rebound such as TJX Companies, Home Depot and Dick's Sporting Goods (DKS) as investors begin to put money to work in the sector over the next few trading sessions, he reasoned.
Don't forget that lower gasoline and natural gas prices will keep more money in consumers' pockets, Cramer concluded.
-- Written by Bret Kenwell in Petoskey, Mich.