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Cramer on BloggingStocks: Macy's has undone mistakes of the past

Posted Dec 8th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Market Matters, Target Corp. (TGT), Kohl's Corp (KSS), Nordstrom, Inc (JWN), Jones Apparel Group (JNY), Stocks to Buy, Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says Macy's turnaround is evident in its stores and it will soon be evident in its numbers.

Why in heck is Macy's (M) (Cramer's Take) only a $6 billion company? Here's a department store chain that's getting growth back, that's aspirational as all get out, that has a management that understands that it needs to be regional in product but not in duplicative management, and it gets no respect whatsoever.

Yet we love the strip mall guys like Kohl's (KSS) (Cramer's Take) and Target (TGT) (Cramer's Take) because they are still throwing stores up all over the place and have perceived growth characteristics. We are willing to pay twice Nordstrom's (JWN) (Cramer's Take) growth rate for a company that's not that much better than Macy's, if at all. Twenty-three times Nordstrom's 12% growth vs. 15 times Macy's 10% growth makes no sense to me when I expect Macy's' growth to accelerate because of the My Macy's localizing initiative.

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Cramer on BloggingStocks: Obama's pro-coal stance makes Copenhagen a charade

Posted Dec 7th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: General Electric (GE), Coca-Cola (KO), Market Matters, Chesapeake Energy (CHK), NIKE, Inc'B' (NKE), Anadarko Petroleum (APC), Politics, Cramer on BloggingStocks, Southern Company (SO)

From TheStreet.com Network

TheStreet.com's Jim Cramer says the biggest companies can lobby their way to huge profits.

Anyone serious about climate change knows that coal is the worst enemy of the environment. We can have all of the electric cars we want, if they are hooked into a coal-based utility system then the gains are irrelevant. We can also be sure that while all sorts of companies, like the General Electrics (GE) (Cramer's Take) and Cokes (KO) (Cramer's Take) and Nikes (NKE) (Cramer's Take) and Nestles, support climate control, they are not equal to one Southern Company (SO) (Cramer's Take), which is an important coal-burning company and a huge lobbyist for the coal industry.

Our nation has a two-pronged climate philosophy: pushes on conservation and on renewables. Neither is enough to get us through the next 10 years; we can't produce enough renewable energy at a cheap price and we can't caulk our way out of the jam.

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Cramer on BloggingStocks: Mixed feelings on the BofA capital raise

Posted Dec 4th 2009 9:45AM by Jim Cramer (RSS feed)
Filed under: Market Matters, 3M Corporation (MMM), Caterpillar (CAT), JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), United Technologies (UTX), Wells Fargo (WFC), Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says it's good they could raise $19 billion so fast, but there are lots of reasons to be tentative here.

You have to have mixed emotions about this Bank of America (BAC) (Cramer's Take) deal. It's terrific that in 24 hours, a company that has no CEO and no history of making money during this tough period can raise $19 billion. But it is not terrific that $19 billion in buying power disappeared like that in a market where $19 billion actually matters, and is a precursor to maybe triple that figure that has to be raised within a short period of time.

Remember when we first did the TARP raises, the initial guys did pretty well but as we went down the path it got tougher and the stocks got hammered more, and you wanted to be short all of the financials even though the early ones popped.

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Cramer on BloggingStocks: Whitacre as CEO could rescue GM

Posted Dec 3rd 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Management, General Motors (GM), Market Matters, Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says if you see an offering today, you have to buy it.

Did you ever speak to Ed Whitacre when he was running Southwestern Bell? When he took that broken-up piece of Ma Bell and decided, single-handedly, that he was going to build it into a great national company with low costs and a motivated, lean management, and he wasn't going to let the unions stop him?

I did.

He was the best.

He was fierce and proud and was going to do whatever was necessary to rebuild the greatness of this once amazing company.

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Cramer on BloggingStocks: Obama moves away from health care reform

Posted Dec 2nd 2009 9:40AM by Jim Cramer (RSS feed)
Filed under: Market Matters, Politics, Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says last night he talked Afghanistan. Next week climate change. What happened to health care reform?

When was the last time President Obama ever talked about health care? Last night it was Afghanistan. He just came back from a state trip to Asia. Next it is climate in Denmark.

Meanwhile, the clock is ticking. There just aren't enough days left this year to get health care done and Senator Harry Reid's clock management might be as bad as Philadelphia Eagles coach Andy Reid's clock management -- maybe worse.

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Cramer on BloggingStocks: Dubai story lacks legs

Posted Dec 1st 2009 9:00AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), Market Matters, Citigroup Inc. (C), JPMorgan Chase (JPM), Goldman Sachs Group (GS), Cramer on BloggingStocks, Financial Crisis

From TheStreet.com Network

TheStreet.com's Jim Cramer says Dubai was blown out of proportion -- the system is now stronger and can handle it.

So I'm at the Apple store last night, the one I couldn't get into over the weekend because it was too crowded, and a guy stops and asks me, "Hey, how come you didn't talk about Dubai tonight?"

I shoot back, "'Cause I can't make any money off it." Yeah, he says, "but aren't we going to lose a lot of money off of it?"

To which I ask, "Tell me how Dubai's going to affect tomorrow's trading if it was yesterday's story? The show's worried about tomorrow, not today."

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Cramer on BloggingStocks: U.S. banks unlike European counterparts

Posted Nov 30th 2009 9:40AM by Jim Cramer (RSS feed)
Filed under: Market Matters, Citigroup Inc. (C), Goldman Sachs Group (GS), Morgan Stanley (MS), Lloyds TSB Group plc ADS (LYG), Barclays plc ADS (BCS), Wells Fargo (WFC), Cramer on BloggingStocks, Financial Crisis

From TheStreet.com Network

TheStreet.com's Jim Cramer says the futures suggest U.S. banks will trade in lock step with Europe, but he believes that linkage will be broken.

So, we're more Europe than Asia? We have more characteristics of the ailing lenders to Dubai World than to the trade kings of the Pacific?

That's what I think about when I look how our futures declined in lock step with Europe after rising in lock step with Asia last night.

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Cramer on BloggingStocks: This bullish retail story looks like a good fit

Posted Nov 25th 2009 10:30AM by Jim Cramer (RSS feed)
Filed under: Wal-Mart (WMT), Market Matters, Sears Holdings (SHLD), Kohl's Corp (KSS), Stocks to Buy, Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says you can't ignore the positive outlook of Phillips-Van Heusen's CEO.

Can you be as bearish about retail if the company that has almost half the dress shirt business in the country, the one that has more than half the neckwear in this country, the one that has more than 600 stores and is in Kohl's (KSS) (Cramer's Take), Wal-Mart (WMT) (Cramer's Take), Sears (SHLD) (Cramer's Take) and just about everyone else, tells you that things are booming?

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Cramer on BloggingStocks: The Fed's push for TARP payback

Posted Nov 24th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Wal-Mart (WMT), Amazon.com (AMZN), Market Matters, Citigroup Inc. (C), Regions Financial (RF), Bank of America (BAC), Wells Fargo (WFC), Cramer on BloggingStocks, Financial Crisis

From TheStreet.com Network

TheStreet.com's Jim Cramer says the sooner banks repay TARP, the more likely they will power higher in 2010.

The Federal Reserve wants higher stock prices. That's all I can think of when I see that it wants repayment plans into place for the big banks such as Bank of America (BAC) (Cramer's Take), PNC (PNC) (Cramer's Take), Citigroup (C) (Cramer's Take), Fifth Third (FITB) (Cramer's Take), Wells Fargo (WFC) (Cramer's Take), Regions Financial (RF) (Cramer's Take), SunTrust (STI) (Cramer's Take) and KeyCorp (KEY) (Cramer's Take), all names that haven't repaid the Troubled Asset Relief Program yet.

Why would these plans bring about higher prices?

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Cramer on BloggingStocks: Dell feeds the bears

Posted Nov 20th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Apple Inc (AAPL), Dell (DELL), Hewlett-Packard (HPQ), Market Matters, Limited Brands (LTD), Cramer on BloggingStocks, Technology

From TheStreet.com Network

TheStreet.com's Jim Cramer says traders who focus on the negative will pounce on this poor report.

Thanks for nothing, Dell (DELL) (Cramer's Take)! Given that this market seems to care less about the good like NetApp (NTAP) (Cramer's Take), Ross Stores (ROST) (Cramer's Take) or Limited (LTD) (Cramer's Take) and is focused on the bad, like the semi-downgrade from Bank of America Merrill Lynch, I am sure that Dell will be viewed as part and parcel with the downgrade.

I can't stand Dell. I actually slam it in Getting Back to Even, taking a chance that it would get its act together and make me look bad on the very quarter the book is released. Looks like that was a lot of worry for nothing.

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Cramer on BloggingStocks: Dismiss the latest tech downgrades

Posted Nov 19th 2009 8:15AM by Jim Cramer (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Dell (DELL), Intel (INTC), Market Matters, Texas Instruments (TXN), Limited Brands (LTD), Honeywell Intl (HON), United Technologies (UTX), Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says the world's economies are getting too strong to obey these downgrades of Intel and TI.

When Wall Street starts looking at tech companies as they would industrials -- as they should be scrutinized -- then we will not get downgrades like Bank of America/Merrill's takedowns of Intel (INTC) (Cramer's Take) and Texas Instruments (TXN) (Cramer's Take).

The essence of these two downgrades is the looming inventory correction that everyone has feared from $14 a share onward for Intel and $18 for Texas Instruments at the start of the summer. At every step I have heard of this coming breakdown, the double ordering and the decline in demand as one analyst after another has warned us of the apocalypse around the corner.

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Cramer on BloggingStocks: Ag and shippers are the newest bull markets

Posted Nov 18th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Deere and Co (DE), Stocks to Buy, Cramer on BloggingStocks, Potash Corp. of Saskatchewan (POT)

From TheStreet.com Network

TheStreet.com's Jim Cramer says it's not too late to get on board these rocket ships.

During the great narrow bull market that was 2006-2007, anyone who hitched a ride on any bulk or oil carrier, any DryShips (DRYS) (Cramer's Take) or Diana (DSX) (Cramer's Take), or any Frontline (FRO) (Cramer's Take) or Nordic American Tanker (NAT) (Cramer's Take), or anyone who bought anything ag-related -- Deere (DE) (Cramer's Take), Monsanto (MON) (Cramer's Take), Potash (POT) (Cramer's Take) -- looked like a genius.

Beginning midyear last year, you looked like a moron.

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Cramer on BloggingStocks: This frustrating new market

Posted Nov 17th 2009 9:00AM by Jim Cramer (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Market Matters, Coach Inc (COH), Goldman Sachs Group (GS), Morgan Stanley (MS), Nordstrom, Inc (JWN), Polo Ralph Lauren'A' (RL), Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says there is as extreme an aversion to discipline as he can recall.

If you want to know why it is so frustrating to be buying stocks up here think no further than the Goldman Sachs (GS) (Cramer's Take) push into the high-end retail stocks, a push that, even as flexible and chameleon-like that I am, I find flabbergasting.

All year the trade has been to be buying the recovery stocks, the companies that sell the most expensive goods, and abandon the dollar stocks which peaked last year in the midst of the worst recession since the 1930s. It was plain as day.

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Cramer on BloggingStocks: Oil and the equity nirvana

Posted Nov 16th 2009 9:20AM by Jim Cramer (RSS feed)
Filed under: Cisco Systems (CSCO), Market Matters, International Business Machines (IBM), Caterpillar (CAT), Colgate-Palmolive (CL), Procter and Gamble (PG), Freep't McMoRan Copper (FCX), Oil, Stocks to Buy, Cramer on BloggingStocks

From TheStreet.com Network

The Street.com's Jim Cramer says that OPEC may take oil out of the equity-market equation and make stock-picking matter again.

If OPEC says it likes an oil price in the $75-78 range, as it said today, we could be looking at a nirvana moment for stocks. We know that any time oil bounces, the S&P 500 futures go up. Any time it goes down, the S&P futures go down. But if OPEC wants to keep it right here, we take oil out of the equation and make stock-picking matter again.

Right now, the Saudis are telling the big oil-shipping companies that they want to bring 1 million barrels a day into the market straight away to keep oil below $80. That can be used to overwhelm the speculators who are tying up as much as 20% of the oil fleet in the world to keep oil off the market and buoy its price. But they will not bring the oil to the market below $75.

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Cramer on BloggingStocks: Recognize the ludicrous pattern

Posted Nov 13th 2009 10:40AM by Jim Cramer (RSS feed)
Filed under: Market Matters, BP p.l.c. ADS (BP), Oil, Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says if the market made sense, you could buy retail and restaurants off the lower oil price.

Here's the pattern: We get shelled by oil. It drops to $76 or $77, all energy goes down, and it takes everything else with it. Some of tech has been spared lately because of 3Com (COMS) (Cramer's Take).

Then, in the following couple of days, oil stabilizes (but not after it hurts the oils again), rallies, and everything goes with it.

That's what's been occurring. I don't know why it's any different. In this moment in time, it's often best to buy the most hammered natural gas stocks because they come back fast. The best value is Devon (DVN) (Cramer's Take), but it simply isn't down enough. Apache (APA) (Cramer's Take) would make sense below $60, which is still a ways from here.

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