Jim Cramer’s Stop Trading! – eBay Inc.
“eBay Inc. (EBAY) could revolutionize the Florida real estate market,” Jim Cramer said on Thursday’s “Stop Trading!” segment. He told viewers that a report came out that said eBay will start putting foreclosed properties on its site for sale sometime in January. “I regard this as very positive. It’s also positive for eBay,” which Cramer holds in his charitable trust. Moving on the retail sector, Cramer said the consumer is back, but he doesn’t want to underestimate how much money’s coming from the governments worldwide that’s pumping up spending. He pointed out that Kohl’s Corp. (NYSE:KSS) had an unbelievable number, and should be an example to investors. Cramer said Kohl’s is a buy and people are just too negative on the stock. “The fact is, people are spending, not hoarding,” he said. The results from Ross Stores Inc. (ROST), J.C. Penny (JCP) and Nordstrom Inc. (JWN) confirm this trend, according to Cramer. 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!
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