GO
Loading...

A Retail Stock on Cramer’s Radar

Ross Stores is on a roll, making new highs for over a week. And those highs are well-deserved, Cramer said Friday.

The off-price retail company “has become emblematic of the squeezed nature of the consumer in this country,” he said.

Ross is also executing brilliantly. Same-store sales were up 5 percent in September and inventory per store was down 7 percent. It also raised its third quarter guidance from the $1 to $1.04 range to the $1.16 to $1.18 range.

What’s more, Cramer said, the company has plenty of room to expand in the U.S.

But he wouldn’t buy it just yet since the stock has had a huge run up.

“Put Ross Stores on your shopping list,” Cramer said, “and wait for it to pull back from its 52-week high.”

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
ROST
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • 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."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.