Jim Cramer's Wall Street Confidential April 12th
Missing the Target (NYSE: TGT - News), J.C. Penney's (NYSE: JCP - News), Kohl's (NYSE: KSS - News), Wal-Mart (NYSE: WMT - News)
Cramer says the market is in the "half empty mode" and believes this will continue through May when he expects a rally after the Fed cuts interest rates. He would sell, rather than hold, on strength with earnings season here and the "choppy to bad markets" that accompany it. Cramer would look at recession companies, and on the subject of retailers, he says JCP CEO Myron Ullman deserves the benefit of the doubt, but the money men on The Street are not going to give him respect because they don't shop at JCP or KSS and don't appreciate how good the shops are. Wal-Mart, however, is "way too loved" and is stuck between $45 and $50. "people are perennially missing the greatness of Target," commented Cramer, adding that TGT is a fun place to shop.
Cramer says the market is in the "half empty mode" and believes this will continue through May when he expects a rally after the Fed cuts interest rates. He would sell, rather than hold, on strength with earnings season here and the "choppy to bad markets" that accompany it. Cramer would look at recession companies, and on the subject of retailers, he says JCP CEO Myron Ullman deserves the benefit of the doubt, but the money men on The Street are not going to give him respect because they don't shop at JCP or KSS and don't appreciate how good the shops are. Wal-Mart, however, is "way too loved" and is stuck between $45 and $50. "people are perennially missing the greatness of Target," commented Cramer, adding that TGT is a fun place to shop.
Labels: JCP, Jim Cramer, KSS, TGT, Wall Street Confidential, WMT
posted by Stock Administrator @ 1:16 PM
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