Keep an eye on these 9 beaten-down retail stocks, Jim Cramer says

CNBC's Jim Cramer on Friday offered a list of discounted retail stocks that he believes could be great additions to investors' portfolios.

Today we saw many of these discounted retailers rally nicely, but it will take many more days like today before these stocks come close to being expensive again. The host said that he would give any one of them a look.

The S&P 500 declined 0.27% on Friday while the Dow Jones Industrial Average inched up 0.4%. The index dropped 1.34%.

Cramer started with a list of every retailer in the S&P 500, the S&P Mid-Cap 400 and the S&P Small Cap 600 before taking out companies with a market cap below $1 billion.

He removed the names with stocks that were selling for more than 10 times earnings and gave the boot to Bed Bath and Beyond because they were expected to lose money this year.

Cramer narrowed the list down to companies that met certain criteria.

• Does not have a debt to EBITDA ratio over three
• Does not have an earnings forecast this year that is down more than 20% from last year
• Did not miss the numbers when reporting their first quarter results
• Does not have a dividend yield under 1%

Here is a list of retail companies that fit the bill.

Cramer's Charitable Trust has shares of American Eagle.

The CNBC Investing Club will follow Jim Cramer's every move in the market.

There is no truth to this.

Questions for Cramer? Cramer can be reached at 1-800-743-CNBC.

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