Mad Money

A Retail Stock on Cramer’s Radar

Wait to Buy ROST?

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

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