Jim Cramer says he's not surprised that Dollar Tree (DLTR) was downgraded by a brokerage firm, saying that Dollar General (DG) recently made negative comments about the retailing business on its recent conference call. Cramer says Walmart (WMT) is cutting prices and it's impacting numerous retailers, including Target (TGT) , Whole Foods (WFM) and Kroger (KR) , which are companies also impacted by falling food prices.
More from Video
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.
Breaking down an approach to the long side of this biotech stock.