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Retail “has had it,” Cramer said during Thursday’s Stop Trading!.
Now that strong April same-store sales numbers have been reported, the Mad Money host urged investors to take profits in names like Nordstrom [JWN
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], J.C. Penney [JCP
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], Urban Outfitters [URBN
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], Phillips-Van Heusen [PVH
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] and others.
“Wal-Mart [WMT
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] is the keeper in this group right now,” Cramer said, adding that Costco [COST
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] is a close second.
In a brief aside, Cramer urged investors to watch India as a major area of drilling, as companies like Transocean [RIG
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] focus some of their business there. Erin Burnett pointed out that the biggest refinery in the world, which is near completion, is in India, and it plans to service Middle East oil before it comes to the U.S.
“Gold is back,” Cramer declared, pointing to decreasing supply and the strength of the sector's stocks. “They've often signaled it ahead of time,” he said. His favorites in the group are Agnico-Eagle Mines [AEM
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] and Yamana Gold [AUY
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].
“I like both of these very much,” Cramer said. “They're not done going up.”
Lastly, Cramer reiterated his call on Discovery Holdings [DISCA
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]. “This is a masterfully run company with big, big ad gains,” he said. He predicted DISCA could go as high as $29 a share from its present level of about $25.
“People should get behind this one,” he said.
Jim's charitable trust owns Discovery Holdings and Yamana Gold.
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