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Jim Cramer said on
CNBC's Mad Money that the market is finally paying attention on the stocks that are doing well when crude oil is trading low. The retail space is going to benefit the most from lower gas prices, but it is important to stick to the domestic companies without exposure to Europe and China. He also wants to pick stocks that can't be easily hurt by online retailers.
Cramer thinks that
CarMax, IncKMX is a good pick because used cars with bad gas mileage are more attractive when gasoline is cheap.
AutoZone, Inc.AZO is another stock in the space Cramer would buy.
CVS Health CorpCVS is not done going higher, believes Cramer, just like
Dollar General Corp..
Lower mortgage rates are going to lead to an increase in home improvements and
Home Depot IncHDLoading...
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is going to get more than a fair share of the contractor business, said Cramer. The company also has a great buyback program.
Cramer would also buy
Kroger CoKR, which has the strongest same store sales in the industry and it only sells at 18 times earnings.
L Brands IncLB and
Restoration Hardware Holdings IncRH are also worth owning, thinks Cramer.
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