Jim Cramer's Wall Street Confidential May 17
J.C. Penney (NYSE: JCP - News), Sears (NasdaqGS: SHLD), Deere (NYSE: DE - News), Kohl's (NYSE: KSS - News), Polo Ralph Lauren (NYSE: RL - News), Saks (NYSE: SKS - News)
Cramer thinks retail is going higher since gasoline prices have peaked. Although there the shorts are betting heavily against retail "people got these wrong," he said. However, retailers focusing on outdoor goods and furniture might have a problem, since DE indicated outdoor was not going to do well. Cramer is bullish on JCP, KSS and SHLD, but thinks it is ironic that Citigroup rose 2.5 points on the news of Eddie Lampert's $800 million share in the company, while Lampert's own company, SHLD, "has done nothing for months." Cramer adds RL is "very right" at $93, and stressed SKS is a go-name; 'Saks reports next week, and it would be a godsend if the stock goes down.'
Published by SeekingAlpha
Cramer thinks retail is going higher since gasoline prices have peaked. Although there the shorts are betting heavily against retail "people got these wrong," he said. However, retailers focusing on outdoor goods and furniture might have a problem, since DE indicated outdoor was not going to do well. Cramer is bullish on JCP, KSS and SHLD, but thinks it is ironic that Citigroup rose 2.5 points on the news of Eddie Lampert's $800 million share in the company, while Lampert's own company, SHLD, "has done nothing for months." Cramer adds RL is "very right" at $93, and stressed SKS is a go-name; 'Saks reports next week, and it would be a godsend if the stock goes down.'
Published by SeekingAlpha
Labels: DE, JCP, Jim Cramer, KSS, RL, SHLD, SKS, Wall Street Confidential
posted by Stock Administrator @ 1:55 PM
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