Jim Cramer On Kohl's: Have We Become Too Negative About Retail?
Jim Cramer disagreed with former Sears (SHLD) Canada CEO Mark A. Cohen that Kohl's (KSS) - Get Report overextended itself. Cramer thinks that Kohl's has preserved its balance sheet and that it has a very active buyback right now.
"They're pretty conservatively run and would not go private." Cramer noted, along with how there might be too negative a sentiment regarding the banks and retail.
It feels like the internet bubble all over again: FANG stocks -- an acronym for Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Google (Alphabet) (GOOGL) also continue to be explosive. But chip-maker AMD (AMD) also continues to notch big gains amid the rush to bitcoin. Meanwhile, rival NVIDIA (NVDA) caught a massive upgrade by Citigroup. What the heck is going on here.
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This article was written by a staff member of TheStreet.
