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Retail Has Room to Run

By Jim Cramer

 About this article:
 Where is this retail rally coming from? I had thought that as long as Wal-Mart has been doggy -- lots of chatter there of a below-expectations number -- we were stuck. But Home Depot, Lowe's and Sears have turned, and there's some strength being shown in the companion restaurant group -- Darden and Yum! Brands -- so maybe we are seeing the beginning of the gasoline rally! I do not think that the rally in retail has anything to do with the 0.6% retail sales number. That's past. I think that the forward look in the group, which you saw starting with Kohl's yesterday and now spilling into higher-end names like Polo Ralph Lauren and Tiffany, will have legs. Best Buy, which had some favorable retail chatter, can, I think, go further than it has. I like this rally. I think that gasoline's going to $2.20 --...

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