Jim Cramer Asks J.C. Penney, Best Buy: Dead Cat Bounce?

TheStreet.com Videos 0:43 mins

TheStreet's Jim Cramer says J.C. Penney stock can "easily" move up another $9 to $10. Cramer says J.C. Penney is a "mediocre" retailer, but that it¿s not going out of business any time soon. Cramer also thinks Best Buy could move up 10-percent for two reasons: he believes the electronics retailer's management is cleaning up the company and that consumers are once again spending. J.C. Penney and Best Buy are not Cramer's favorite names in the retail space, instead he prefers Action Alerts PLUS names Macy's and TJX Companies, both of which he believes are a much better value for investors looking to add retail names to their portfolios.

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