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Retail Is a Microcosm of the Broad Market

By Jim Cramer

 About this article:
 Is the Wal-Mart downgrade by Goldman Sachs "right?" How about the Target upgrade that comes with it? Is it time to desert Wal-Mart for Target because things are better? Because people will now shop at the "nicer" stores? Boy, this is a tough call. For Action Alerts PLUS, we decided to sell WMT because we believe, as Goldman Sachs does today, that the marketplace will walk away from Wal-Mart because of the "less bad" analysis that Home Depot gave you last week. I just don't know if the shoppers or the stock buyers will flock to Target, especially because Target is up 16% for the year vs. Wal-Mart at down 11%. If you recall, Home Depot issued upside guidance last week that was heavily skewed to costs but also a belief that things were getting "less bad." Had the company said "much better," then...

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