TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer isn’t paying much attention to the weak July retail sales, released Friday. ‘These aggregate numbers tend to be completely out of sync with the companies that we trade,’ Cramer said, adding that the more important factor to watch is retailers’ inventory levels, which were lean. Retail sales remained unchanged in July, while analysts had expected a rise of 0.4 percent.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
