Jim Cramer: Look at Dick's Sporting Goods as a Retail Safe Haven

Amid disappointing August retail sales numbers, jim Cramer says Dicks Sporting Goods and Foot Locker are retail safe havens.
Author:
Publish date:

Amid disappointing August retail sales numbers, TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says Dicks Sporting Goods (DKS) - Get Report and Foot Locker (FL) - Get Report are retail safe havens. Though he said Dick's Sporting is hurt by the bankruptcy of Golfsmith. He also sees investors trying to bottom fish shares of Macy's (M) - Get Report amid its 4% yield. "Overall, we think Costco (COST) - Get Report at $150 may be the real buy," Cramer said.