Jim Cramer's Stop Trading
Best Buy (NYSE: BBY - News), Nucor (NYSE: NUE - News), Costco (NASDAQ: COST - News), Wal-Mart (NYSE: WMT - News), Circuit City (NYSE: CC - News), Mastercard (NYSE: MA - News): Cramer called weak earnings reported by BBY and NUE "worrisome," but he did not feel that they were an indication of an overall economic decline, since he believes that the consumer is "on fire." He is not even concerned about Visa's comment on slower spending, and said, "There are lots of price wars going on" among retailers such as Costco and Wal-Mart. Cramer suggests paying attention to BBY rival Circuit City's report, since it fell on BBY's slow earnings, but even if Circuit City's results are sluggish, that just means that "may be time to own Mastercard instead."
Toll Brothers (NYSE: TOL - News): Cramer said that Robert Toll is "a terrific guy," but that the CEO was bullish at what turned out to be the top of his business and bearish on what seems to be the bottom, which indicates that housing will run longer.Labels: BBY, CC, COST, Jim Cramer, Jim Cramer's Stop Trading, MA, NUE, TOL, WMT
posted by Stock Administrator @ 1:28 PM
Jim Cramer's Stop Trading
Best Buy (NYSE: BBY - News), Nucor (NYSE: NUE - News), Costco (NASDAQ: COST - News), Wal-Mart (NYSE: WMT - News), Circuit City (NYSE: CC - News), Mastercard (NYSE: MA - News): Cramer called weak earnings reported by BBY and NUE "worrisome," but he did not feel that they were an indication of an overall economic decline, since he believes that the consumer is "on fire." He is not even concerned about Visa's comment on slower spending, and said, "There are lots of price wars going on" among retailers such as Costco and Wal-Mart. Cramer suggests paying attention to BBY rival Circuit City's report, since it fell on BBY's slow earnings, but even if Circuit City's results are sluggish, that just means that "may be time to own Mastercard instead."
Toll Brothers (NYSE: TOL - News): Cramer said that Robert Toll is "a terrific guy," but that the CEO was bullish at what turned out to be the top of his business and bearish on what seems to be the bottom, which indicates that housing will run longer.
Toll Brothers (NYSE: TOL - News): Cramer said that Robert Toll is "a terrific guy," but that the CEO was bullish at what turned out to be the top of his business and bearish on what seems to be the bottom, which indicates that housing will run longer.
Labels: BBY, CC, COST, Jim Cramer, Jim Cramer's Stop Trading, MA, NUE, TOL, WMT
posted by Stock Administrator @ 1:28 PM
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