“The house-ware group is on fire,” Cramer said during Monday’s Stop Trading!.
So too is home goods, the Mad Money host continued, pointing to Williams-Sonoma and Masco as examples of both. WSM in particular has “reignited a group” that short sellers had been eyeing, thinking that retail stocks had to cool off eventually. But Cramer said the group is “not working as a short … at all.”
Cramer also likes Bed, Beth & Beyond and TJX Cos. in this space, which offer lower price points and a broader selection of merchandise than Williams Sonoma. He attributed BBBY’s ability to add new products – from candy to toothpaste to beach towels – to its brand-loyal customers, saying the move creates competition for others in the general retail space, such as Target .
“I think it’s cheaper and better,” Cramer said of Bed, Bath & Beyond.
Lastly, Cramer took issue with issue with two recent analyst calls. He noted that Oppenheimer had been rating Boeing as “underperform” but then turned bullish once the stock climbed to $72. Also, Cramer thinks Goldman Sachs is wrong to put Kimberly-Clark on its conviction-sell list. In fact, he doesn’t like the idea of the list at all, saying a simple “sell” is good enough.
“I think they should drop this conviction-sell thing,” Cramer said.
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