[video] Jim Cramer Quick Take: Game On for Retailers?
NEW YORK (TheStreet) -- The retail sector has been getting crushed in recent trading weeks. TheStreet's Jim Cramer and Stephanie Link, co-managers of the Action Alerts PLUS portfolio, looked at the sector and believe it can only take so much selling before it begins to look interesting to investors again.
To that end, Link suggested investors look at retailer stocks that are of the highest quality including Costco Wholesale
She said these companies are not only quality names but are part of a long-term secular trend. TJX benefits from value-conscious and frugal customers while Nike has the health and wellness trend working in its favor.
Cramer added that TJX is a "winner, not a loser," and its recent big selloff could be a sign of an impending reversal. Nike is seeing solid growth out of China.
-- Written by Bret Kenwell in Petoskey, Mich.