CNBC's Jim Cramer thinks the consumer is still underappreciated in this stock market despite strong data from the retailers' fourth quarters.
"While the new tax regime will be very favorable for the retailers and restaurants, it's a one-time change; a year from now we'll anniversary the new numbers and that will be that. What matters even more, though, right now, is how business is actually doing as measured by the top line, the revenue line," the "Mad Money" host said.
"When it comes to revenue, the consumer spending factor [is] the new wild card, and it's playing out in spectacular fashion," Cramer said. "You throw in the fact that we have a weak dollar and it's clear everything is coming up roses for this sector, far rosier than the stocks."