Last night on CNBC’s MAD MONEY, Jim Cramer said he had two picks as turnaround names that are retail plays. One was for you and me and one was for Fido & Fifi. There are links through to the full stories if you want to read targets and full synopsis of each.
Cramer likes Saks (NYSE:SKS) as the first pick.He thinks that once retailers tank, they stay down and dormant. Hethinks the first pick won’t even be public in a year, but if so hethinks it goes higher. SKS ran 3.5% to $18.30 after-hours, and the52-week range is $14.10 to $21.45.
Cramer’s second pick wasPetsmart (NASDAQ:PETM). The turnaround is going well and fueled bybetter margins and merchandising. PETM just jumped 3.25% to $31.20 onCramer’s comments and he thinks it goes to $40. Its 52-week tradingrange is $22.07 to $31.38. Here are the full list of comments on Cramer’s heavy petting.
Cramer also mentioned his long-positive stance on Google (GOOG). He said it will have a great quarter and he wants to own it anywhere under $500 per share, because he thinks it’s going into the $600’s.
Cramer also made an appearance on CNBC’s FAST MONEY, and the comments were pretty long but they are worth reading. The comments are all here.
Jon C. Ogg
January 11, 2007
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