NEW YORK (TheStreet) -- Adobe (ADBE) reported that Black Friday online sales surpassed the $3 billion mark for the first time ever, hitting $3.34 billion. This represents a 21.6% year-over-year growth in sales.
While some people debated the figures, Adobe's numbers are "very real" because it "actually has the data," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" Monday. Adobe measures 80% of all online transaction from the top 100 U.S. retailers -- the most of any tech company -- and based this report on data from 22.6 billion visits to retail websites.
Adobe "has the transactions. This is the first time. It's not a poll. It's not a guy guessing. It's not, 'Well, I have a sample.' Those are the numbers. The numbers are good. Let's not out-think this," he argued.
The Black Friday numbers are "strong" because stores have the right merchandise to accommodate the colder weather and because the environment always looks better after an election, Cramer noted. Specifically, investors can track the correlation between the colder weather and retail stock performances through Columbia Sportswear (COLM) and VF (VFC) .
Both Ross (ROST) and TJX (TJX) were previously concerned about having enough excess inventory, although some say Macy's (M) closing stores indicates that there is enough, Cramer noted. "But overall we have to remember that a lot of this big ticket stuff is going," he added.
The retail sector needs to see more mergers happening to "take capacity out," he said. "Where are the retail mergers? That's the one thing I don't get."
(Adobe and TJX are held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial here.)
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates Adobe as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that the team rates.
You can view the full analysis from the report here: ADBE.ADBE data by YCharts