On Friday, CNBC’s Jim Cramer highlighted six retail winners with exceptional quarters that investors should be lining up to buy.
“Nobody ever won a dime by panicking. If you dumped one of these retail winners in response to Walmart and Target, you’ve made a really big mistake. And you know what, like trends in the market here, each one of these… is a buy,” he said.
The ‘Mad Money’ host’s comments come at the end of a busy earnings season that has seen the country’s biggest retailers struggle to deliver a strong quarter as runaway inflation has led many consumers to be more selective in their purchases.
At the same time, Cramer pointed out that many retailers whose business models allow them to fight inflation or sell cheap products that appeal to frugal customers have posted strong results for their recent quarters.
Supply chain issues, such as the currently tight supply of cars due to shortages of semiconductors, have also helped push up the numbers at some retailers, he added.
Here is Cramer’s list of winners:
- Auto area
- Williams Sonoma
- General dollar
- dollar tree
Cramer added that Best Buy and Dick’s Sporting Goods deserve honorable mentions for having impressive numbers that didn’t quite exceed expectations.
Disclosure: Cramer’s Charitable Trust owns shares of Costco and Walmart.
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