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CNBC’s Jim Cramer told investors on Thursday how to pick a solid retail stock for their portfolios, listing six factors to consider before making an investment.
“I want to spend some time tonight on what it means to buy the stock of a great franchise into weakness, not some software as a service company or a red-hot semiconductor equipment stock or the life sciences business, all of which are endless ragers until they aren’t,” he said. “But of a really, very good growth retailer that we all know, with a terrific reputation that can take a licking and keep on ticking.”
Growth can come in many forms, Cramer said, and one of them is retail. He said he looks for stable, well-managed companies that can perform well in different environments — even if their success is not immediate. He named Home Depot
