Lightning Round: Saks, El Paso, Johnson & Johnson and More
Saks : Cramer thinks SKS right now on an earnings basis is overvalued versus its fundamentals. Bed Bath & Beyond , Best Buy , TJX , Williams-Sonoma and even Urban Outfitters at this level are better picks if you want to play the retail sector.
El Paso : Go with Energy Transfer Partners instead, Cramer said.
Johnson & Johnson : Sell JNJ. “I prefer Abbott Labs,” Cramer said.
Tenneco : TEN has run too much, Cramer said. So consider the “much cheaper” Johnson Controls .
ARM Holdings : Cramer is bullish on ARMH.
When this story published, Cramer’s charitable trust owned Abbott Laboratories and Johnson Controls.
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