Jim Kramer of CNBC said on Friday that although the retail sector has had a difficult week, there are still a few winners that stand out amid a stock stream that has plummeted.

“The Big Four aren’t the only retailers to report this week, and it’s surprising that some of the smaller players have actually worked pretty well,” said the Mad Money presenter, referring to retail giants Walmart, Home Depot. , Target and Lowe’s.

“Although retail is really awful now, it’s not unequivocally awful. Most stores may be having a hard time, but you have a few that work pretty well. And I’m telling you, TJX can definitely be bought. [BJ’s Wholesale] I’m fine, Foot Locker is okay for trading “ he later added.

Cramer’s comments come after several retail giants reported their quarterly earnings this week. Target and Walmart reported disappointing results when their shares fell, while Home Depot and Lowe went better.

“These big chains of boxes are being eaten alive by inflation and changing consumer preferences – people no longer spend like in a pandemic, they spend as we return to normal life,” Kramer said, noting that this has led to excess inventory for these. retailers.

While this is bad news for names like Target and Walmart, it is a breeze for discount retailers such as BJ’s and TJX, which run TJ Maxx and Marshalls, Kramer said.

TJX “preys on the weakness of other retailers – it’s like a vulture. A few blocks they could not get their hands on a lot of goods because no one had extra stocks. … If you see that Walmart and Target are fighting this way, you know that TJX has won I have no problem getting a good product, ”he said.

As for Foot Locker, Kramer said its quarterly earnings are better than expected, putting it in a more convenient location than several of its larger counterparts.

“Obviously, these guys are better versed in the current retail business than most other operators,” he said.

Disclosure: Cramer’s Charitable Trust owns shares in Walmart.

Register now to have CNBC Investment Club monitor Jim Cramer’s every move in the market.

Disclaimer

Questions to Cramer?
Call Cramer: 1-800-743-CNBC

Want to dive deep into the world of Cramer? Hit it!
Crazy Twitter MoneyJim Cramer’s Twitter – Facebook – Instagram

Questions, comments, suggestions to the site “Crazy Money”? madcap@cnbc.com

Source by [author_name]

Previous articleKourtney Kardashian looks sensational in a sheer red dress as she steps out for dinner
Next articleAustralians are voting to determine the future of the Conservative government