Cramer's 'Mad Money' Recap: A Resurgent Retail Sector
NEW YORK (TheStreet) -- In retail, execution is everything, Jim Cramer said on "Mad Money" Tuesday. Cramer said today's retail earnings proved that when you have the right items in the right packaging and at the right price, even the most beaten-down of retailers has a fighting chance to get back up swinging.
Turnarounds happen all the time in the sports world, said Cramer, but when Best Buy
It was a similar story at Urban Outfitters
And then there's J.C. Penney
Cramer said that even with interest rates rising and home sales slowing, he still wants in at Home Depot
Betting on Casinos
There's a battle brewing in Las Vegas among the casino operators, Cramer told viewers. Las Vegas Sands
But with shares of Las Vegas Sands up only 23% for the year, compared to 48% and 156% for MGM and Caesars, respectively, isn't Sands the one with the problem?
Cramer said that while Sands is now more of a China story, with over half its revenue coming from overseas, MGM and Caesars are the true Vegas high rollers. While Caesars is indeed on shaky ground and with large debts to repay, MGM has made real progress with its balance sheet and is poised to even turn a profit in 2014. The company now earns nearly $3 in casino and entertainment revenue for every $1 a guest spends on the room, Cramer noted, which makes it a wise decision to discount those rooms.