Cramer on STOP TRADING: wait CROX, no WMT, GOOG, buy SIRI

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By Douglas A. McIntyre Published

by Jon C. Ogg

On today’s STOP TRADING segment on CNBC, Jim Cramer made some retailing stock picks on how to play them today.  Cramer noted Crocs (CROX).  The insiders and everyone have been unloading and he said this is worrisome until it finds its footing.  He said CROX diverged from fundamentals because of short squeezes.

On Wal-Mart (WMT) Cramer said that it is a very big management issue and they are a lousy economic indicator.  He said that the people selling TV’s at Wal-Mart cannot attract high-end buyers because this needs expertise.  he said it is a useless depressing place to shop.

He said the  General Growth (GGP) and Sears (SHLD) are good for real estate plays.

On Google (GOOG) Cramer with its down $15 or 3% today said that Barron’s is full of it.  He thinks it can go higher, and a breather is fine.

Cramer said Banc of America’s research on Sirius Satellite (SIRI) being weak is wrong and the negative call is premature.  He said even if it ends up being true ultimately it is too soon to say subscriber growth is weaker than expected and he thinks SIRI is a Buy.

Jon C. Ogg
November 27, 2006

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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