Jim Cramer's Thoughts on Nordstrom, Dick's and Oil

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It's almost Friday...

Jim Cramer weighs in on Nordstrom's and Dick's quarters and his latest thoughts on oil.

Nordstrom's Earnings

Real Money Stock of the Day Nordstrom reported earnings of 90 cents a share on revenue of $3.87 billion. Analysts were expecting the company to report earnings of 77 cents a share on revenue of $3.92 billion.

For the second time this year, Nordstrom lowered its full-year earnings expectations, this time to $3.25 to $3.50 a share.

The guidance cut follows one in May, where the company cut its full-year estimate to between $3.25 and $3.65 a share from $3.65 to $3.90. Wall Street now expects the company to report earnings of $3.28 a share.

Dick's Earnings

Dick's Sporting Goods reported net income of $112.5 million, or $1.26 per share. Analysts polled by FactSet were expecting an EPS of $1.21. 

Let's Talk Oil...

Cramer's got some thoughts about oil.

He penned a Real Money column early Thursday morning covering the oil sector.

"It's tough to resist buying the stock of Chevron (CVX) - Get Report when its big projects are hitting paydirt and CEO Mike Wirth is at the helm trying to get Permian on the cheap. The major with an almost 7% yield, BP BP, the one that is growing the fastest and most sustainably, is a terrible holding -- as we know all too well from the charitable trust, something you can follow the picks from by joining the Action Alerts Plus club," said Cramer.

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