It's not breaking news to say retailers, especially those with exposure to the shopping mall, have been hurting of late. But CNBC's Jim Cramer discovered one group that stood out after earnings.
"I'm calling it the BTF club — BTF stands for Better Than Feared," the "Mad Money" host said. "These companies didn't necessarily report quarters that were actually any good at all. They're companies that had gotten to the point where the expectations were so low ... that anything better than truly devastating numbers was considered a big win, causing all these stocks to soar."
American Eagle Outfitters, Abercrombie & Fitch, Express and Signet Jewelers made up Cramer's BTF club. And while Cramer didn't find the first three companies' stocks particularly compelling (except if you own them and are looking to sell into strength), Signet intrigued him.
The parent company of Kay, Jared and Zales beat earnings estimates, which managed to not only stabilize its free-falling stock, but send it soaring.
With a new CEO in place, Cramer thinks Signet, which struggled with declining earnings for some time on top of a class-action lawsuit, could have a chance at a turnaround.
"I know it's risky, but it could be prime for a longer term turn here," the "Mad Money" host said. "Of the four, it's one I might consider owning."