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Thursday, September 06, 2007

Jim Cramer's Stop Trading Sept. 5th

Costco (COST): Cramer says every Costco miss “has been a great opportunity” and the same holds true for Wednesday’s 4% drop after the company reported weak same-store sales. He says Costco is a master merchandiser and would buy it while it is cheap. Starbucks (SBUX): On the suggestion lower-end customers are shunning Starbucks, Cramer is skeptical and doesn’t think falling house prices affect the decision to buy a cup of coffee, even if it does cost “$17 or something.”
Coach (COH): Cramer thinks the selloff in Coach is “overdone.”
Google (GOOG) and Apple (APPL): Cramer remains bullish on Google and says wireless strategies are “the elephant in the room.”
Published By SeekingAlpha

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