The opportunities are few and far between in this sector as a result of shifting consumer demand, Cramer said.
Cramer said that this major turning point for the tech giant could drive the stock price significantly higher.
Although it has been almost all bad news for retailers this summer, several names stand out from the pack and are set to go higher, CNBC's Jim Cramer says.
The recent pullback in housing stocks has created opportunity for investors to buy on weakness and some individual names stand out from the pack, analysts told CNBC.
If the Cuba embargo is lifted, former American Airlines CEO Bob Crandall sees frequent flights to the island by several carriers.
The move to normalize relations with Cuba will strengthen the Castro "dictatorship," a former U.S. diplomat says.
The Russian currency crisis could turn into a broader economic crisis, Charles Dallara said.
General Electric would like Russia to be in better shape now but also likes it for the long term, Chief Executive Jeff Immelt said on Wednesday.
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.