Jim Cramer Breaks Down Retail: Dick's Sporting, Dollar Tree, Dollar General
When it comes to retail, inventories are lean and demand is high, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
When it comes to retail, inventories are low and demand is high, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
This is illustrated in Dick's Sporting Goods (DKS) , a stock that rose 25% on Wednesday, as Cramer wrote in Real Money Thursday.
Cramer attributed the weaker than expected results from Dollar Tree (DLTR) and Dollar General (DG) to weather and seasonal issues vs. a broader issue with the retail sector.
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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.
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