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Strategies & Market Trends : Young and Older Folk Portfolio
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From: chowder11/12/2022 1:13:55 PM
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Cramer’s week ahead: The market needs weak retail sales data to stay strong

Krystal Hur - Yesterday 6:16 PM

The stock market's current run could fizzle out if October retail sales data comes in hot next week, CNBC's Jim Cramer warned on Friday."If we see weak retail sales and learn that things are getting very promotional in the key apparel sector, well then the market can stay strong," he said.

The stock market's current run could fizzle out if October retail sales data comes in hot next week, CNBC's Jim Cramer warned on Friday.

"If we see weak retail sales and learn that things are getting very promotional in the key apparel sector, well then the market can stay strong," he said, adding: "The worse retail gets, the less damage the Fed needs to do before they declare victory."

Cramer said that Lowe's and Home Depot are likely winning due to home renovations, but he doesn't expect either company's quarters to knock it out of the park.

TJX stock is the "best of the best for this particular moment," he said.

He said he's a believer in Target.

Cramer said he's worried that semiconductor players are experiencing a short-covering rally rather than a sustainable one.

https://www.msn.com/en-us/money/markets/cramer-e2-80-99s-week-ahead-the-market-needs-weak-retail-sales-data-to-stay-strong/ar-AA141gyy
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