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.
The beverage giant also reported third-quarter revenue that missed estimates and said it was ramping up its cost-cutting initiatives.
CNBC's Jim Cramer knocked Coca-Cola after the beverage giant reported third-quarter earnings results that he called "ghastly."
McDonald's reports its worst monthly comparable sales decreases in the US and Europe since early 2003.
McDonald's "benchmark bad quarter" will likely warrant major changes at the fast food giant, says CNBC's Jim Cramer.
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.