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TJX: On Sale for No Reason?

TJX Cos. was pulled down with the rest of retail this week, Cramer said during Wednesday’s Stop Trading!, but the hit was undeserved.

While most retailers who reported earnings over the past few days had announced that “things were good but they could be tough,” Cramer said, TJX was largely positive. In fact, the company delivered a strong quarter and guided higher. Investors who sold TJX as they sold Target “are making a mistake.”

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“This one’s got momentum,” Cramer said of TJX.

Dry-bulk shippers suffered a two-year bear market, Cramer said, but “the bear market is over.” Day rates have risen over the past 10 days, and he expected the trend to continue. The V-like pattern in the sector’s stocks usually indicates the start of a rally, he said, which should mean the companies’ well-known dividend payouts would return in 2010. Cramer recommended Diana Shipping as his favorite in the group. (Click here for Cramer's top oil-tanker stock.)

If SemitTool is getting a takeover bid, Cramer said, so should Cadence Design Systems . He admitted that CDNS has been “a very disappointing stock,” but it looks to be turning around, starting this quarter.

Lastly, Cramer had a message for Goldman Sachs Chairman and CEO Lloyd Blankfein: “Stop feeling so darn guilty” about your success. The Mad Money host was referring to Goldman’s apology on Wednesday for its part in the credit crisis and the $500 million it will commit to helping small businesses.

“You’re doing a good job,” Cramer said. “You’ve got nothing to feel guilty about.”

Cramer's charitable trust owns Goldman Sachs.

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