Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Friday's weak employment number took down the futures ahead of the market on Monday, but Jim Cramer wasn't worried. He sees that consumers are still pretty strong thanks to all the money in their pocket from cheap gasoline.
One retail stock that is hot on Cramer's radar is CarMax. And no, it's not some cheap used car stock. It's actually the nation's largest seller of used cars, and its stock has been on fire lately.
Last week for the second time in a row, the company reported spectacular results. This caused the stock to skyrocket 9.3 percent in a single session.
What's even better is that the "Mad Money" host thinks it could have more room to run in the future.
"CarMax benefits more from $2 gasoline than most other retailers, because it means people are much more willing to pay up for used gas-guzzlers that they might not otherwise be willing to purchase," Cramer said.
And while most wouldn't consider CarMax to be a retailer, the truth is that it benefits from the same trends that all of the apparel and housewares retailers have benefitted from this year.
In fact, Cramer thinks CarMax could be the best darned retailer in America!
The stock was in perfect position for reporting earnings, because unlike most other retailers it had barely run ahead of earnings. That means it has plenty more room to run after earnings.
Additionally, it is the business model that caught Cramer's attention. It doesn't just buy and resell used cars at a retail level. The company has grown so much that it now has a wholesale used car business. That means it can buy your used car, and then sell it to other used car dealers in an auction.
And while CarMax mainly focuses on the used car business, it also has a growing division for new cars. It moved 8,887 units last year, which was up 14.2 percent from the previous year.
In fact the business has grown so much that CarMax opened 13 new stores in the past fiscal year, and two new ones since March.
Read more from Mad Money with Jim Cramer
Cramer Remix: The big jobs report
Cramer: Trick to trading international stocks
Cramer game plan: Iran deal is good for stocks
"So it's no surprise that CarMax has been taking share and taking names in the used car market," Cramer said.
The stock currently trades at 22 next year's earnings, but Cramer still thinks this is cheap considering the strong track record and growth trajectory ahead.
"You may not think of CarMax as a retailer, but I think this seller of used cars is one of the best retail stocks in America."