TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer commented on Macy's (M) plan to close 100 stores by next year. 'Macy's is a trade,' Cramer said, praising JPMorgan retail analyst Matt Boss. In the retail sector, Cramer is fond of Dollar Tree (DLTR) , Dollar General (DG) , Costco (COST) , Ross Stores (ROST) , TJX Companies (TJX) and Walgreens Boots Alliance (WBA) .
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.