Stop Trading!: When Will Retail Bottom?
If a discount, online, tax-advantaged retailer like Amazon.com is under pressure in this environment, Cramer said during Thursday’s Stop Trading!, then the rest of retail is in real trouble.
“If Amazon is saying things are slowing, the mall needs to be turned into a bowling alley,” the Mad Money host said. “I question the value of virtually every retailer if Amazon is struggling.”
Cramer said he couldn’t call a bottom in stocks like Gap or Limited, or the sector as a whole for that matter, in an environment this difficult.
Investors instead might want to look at dividend-paying stocks like Duke Energy, Southern Co. and ConEd. These names might offer some of the few opportunities in which the near term isn’t “disastrous.”
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