Despite all the negative reports you may have come across regarding back to school season, Cramer points out that much of this speculation has greatly exaggerated reality. Is this a precursor to more negativity regarding the holiday season? Perhaps, but Cramer sees real strength in the retail sector and encourages investors to focus on the best names in the group.
One of Cramer's favorite retailers is Jones Apparel , which owns brands such as Jones New York, Anne Klein, Nine West and more. Up big this summer, Cramer sees this name having plenty of room left to run, despite the stock being up over 500% since its November lows.
Cramer likes the company specifically for its ability to build brands, incubate new concepts, diverse retail outlets, relationship with big retailers like Macy's and Walmart, along with the company's great management. The company also had a good second quarter, Cramer points out, beating the street's earnings by 22 cents per share, with inventories down 8%, a number it hit without marking down its products.
But what is on the horizon for this company, and can it continue its strong upward momentum, as Cramer predicts? To get the full picture, Cramer is talking to Wesley Card, Jones Apparel's CEO. To see the full interview, check out the video!
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