Cramer says investors should stick with ‘best of breed' retail stocks

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

CNBC’s Jim Cramer on Monday said investors should pick stock of retailers doing well despite the inflated cost of goods.

CNBC's Jim Cramer on Monday said investors should look into retailers that are able to perform well in the face of continued inflation.

He mentioned Walmart, Costco and Amazon as the only companies able to keep up with consumers' needs in an inflated economy.on Monday said in the face of traditional retail's"unrelenting crunch," investors should look into retailers that are able to perform well in the face of continued inflation. "I wish I could tell you to buy the beaten down retailers, but the one thing I know is that buying best of breed is the way to go, and at this stage in the retail world, there are only three best of breed general merchants, and they are Walmart, Costco and Amazon," Cramer said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market MondayStock futures are down slightly as investors weigh a number of headwinds facing the market.
Source: CNBC - 🏆 12. / 72 Read more »

Here are the 12 stocks Jim Cramer is watching, including Netflix, Arm, Planet FitnessHere are some of the tickers on my radar for Monday, Sept. 18 taken directly from my reporter’s notebook.
Source: nbcchicago - 🏆 545. / 51 Read more »

Cramer: The 4 fears that are upsetting the market and what needs to happen nextThese headwinds are working to destabilize some sectors that worked for so long.
Source: CNBC - 🏆 12. / 72 Read more »