Sears’ Big Miss, Thursday Earnings, Jim Cramer’s Electric Company

The news isn’t getting any better for Sears: the retailer reported revenue that was above expectations, but losses that were far worse than what the street was looking for. Best Buy is set to report earnings next, but it remains to be seen if the mega-electronics retailer can stave off a decline, especially with one of its big-ticket items — televisions — cheap and getting cheaper. And Jim Cramer is still bullish on General Electric. The stock is in the $27 range right now, but Jim is expecting the company to break through the $30-mark, especially if GE’s attempt to buy Alstom in France is successful. Recently, CEO Jeff Immelt spoke before an industry conference, providing an update on expectations and divestitures.