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