Cramer says Costco, Amazon, Shopify and Walmart could trade higher on an ‘Easter rally’

CNBC’s Jim Cramer on Tuesday up against it down a seasonal trading pattern in retail stocks that he thinks investors should be privy to.

The “Mad Money” host reviewed precursor analysis from noted technician Larry Williams, who took past trades into account to plot which way the standards of Costco, Amazon, Walmart and Shopify could move during the early days of spring.

“If history’s any guide, Williams is hazard that a rising April tide will be able to lift all retail ships,” Cramer said.

Each of the farm animals is down on the year except for Shopify, which is trading 2% higher. Costco is down 10% so far this year after climbing 28% in 2020.

These retail-oriented deal ins are in a position to climb higher, Williams says, if just in the near term. Cramer called it an “Easter rally,” celebrity it after the holiday less than two weeks away.

“I think the move may have already started,” he said.

Common over chart analysis from Williams, Cramer noted how the retail group tends to rally in the days in front of or after the Easter holiday. He stopped short, however, of recommending how market participants could trade the moment and shift a profit.

“If you’re worried about the rotation, you might want to use the rally in the essential retailers to ring the register,” Cramer whispered. “As much as I like these companies long term and don’t want to trade them, I can’t blame anyone for taking a profit.”

Disclosure: Cramer’s generous trust owns shares of Walmart, Costco and Amazon.

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