Goldman Sachs’ upgrade of Target and downgrade of Wal-Mart on Monday were more than mere stock calls, Cramer told viewers today. Together they composed a snap shot of the market at the present moment, one that showed Wall Street divided into two camps: bulls and bears. But only one can be right.
Based on Goldman’s recommendations, investors should buy Target if they think we’ll stay on track to emerge from this recession. On the other hand, Wal-Mart’s the trade if they predict darker days ahead. The stocks may already know the outcome, though, if the assumption that market predicts the economy – six months out, Cramer said – is true.
Right now WMT is down 11%, while TGT is up 16%. That means there could be a good chance that Wal-Mart’s 100 million weekly shoppers might soon upgrade to Target. What does Cramer think? Watch the video for his full report.
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