The post Jim Cramer reveals the only retail stocks worth investing in appeared on BitcoinEthereumNews.com.

After the banking giant Barclays announced it is downgrading the entire retail sector to ‘neutral’ due to it not seeing much gross margin and, by extension, stock market growth potential within it, Jim Cramer had only a very succinct reaction to offer.  Indeed, the energetic ‘Mad Money’ host and former hedge fund manager seemingly concurred with Barclays’ assessment as, in an X post, he merely stated that there are only three retailers worth investing in in the summer of 2024: Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), and Costco (NASDAQ: COST) Amazon (NASDAQ: AMZN) Given Amazon’s ubiquity in the modern world and its important role in the ongoing artificial intelligence (AI) boom through the cloud provider market dominance of Amazon Web Services (AWS), it is hardly surprising Jim Cramer considers the company one of the only three retailers worth owning. Additionally, given AMZN’s recent stock market stumbles, which saw the company fall 17.08% in 30 days both due to the broader bloodbath of early August and in the wake of the most recent earnings report, August 7 may represent a strong buying opportunity for any investor, provided the famous host is correct in his bullishness. AMZN stock 30-day price chart. Source: Finbold Walmart (NYSE: WMT) Walmart is another company that Jim Cramer has been bullish about through thick and thin. In July, he opined that WMT stock might soon join the ‘trillion dollar club’ – referring to the companies with a market capitalization greater than $1 trillion – and that it could become the first traditional retailer to become an e-commerce giant. Cramer’s optimism about Walmart shares appears justified given that the firm has a role as a defensive investment due to the evergreen and non-cyclical type of business it is in as a discount seller, and has been performing well…

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Filed under: News - @ August 7, 2024 3:26 pm