“Some retailers predict a disappointing holiday season, pointing to a weakened consumer. But there’s little question that people are spending, just not on traditional items,” Jim Cramer said on Tuesday’s “Stop Trading!” segment. He told viewers that people are missing the point. Just look at companies like Research In Motion (RIMM), Palm Inc. (NASDAQ:PALM) and Apple Inc. (NASDAQ:AAPL), which make expensive smartphones. “Consumers are spending big money on gadgets like smartphones and that’s a real expenditure,” Cramer said. He advised viewers to not freak out about whether Target Corp. (NYSE:TGT) had a good quarter or not. People might not be spending at Target, but they’re willing to spend fortunes on phones.  Moving on to the IPO market, Cramer recommended that investors buy Cloud Peak Energy (CLD) IPO this week, saying “it’s going to work.” He said investors are overlooking it because they think coal’s dirty and because they think President Obama is anti-coal. However, Cramer pointed to Warren Buffett’s recent acquisition of Burlington Northern Santa (NYSE:BNI) as an endorsement for coal. Cramer said. He explained that Buffett’s purchase means that the Oracle of Omaha thinks that coal is going to be with us for a long time and that Cloud Peak will be a sleeper deal. “In Buffett we trust,” Cramer said. “Buy Cloud Peak.” Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!