Last fall, Cramer named his Four Horsemen of Tech – Amazon, Research in Motion, Apple and Google – as the stocks to own during that sector’s peak season. Well, Goldman Sachs analyst Adrianne Shapira has named some Four Horsemen of her own, this time in retail.
This market may not seem like the best time to own retail – whether the struggling American consumer’s expecting a $600 tax rebate or not – but Shapira said she’s bullish on J.C. Penney , Kohl’s , Macy’s and Nordstrom .
“This group is inexpensive,” Cramer said, “and it's a better way to play a possible turn than to own a bank.” But “you must believe that the economy's going to turn in 2008 to believe her, and I don't think that.”
Switching gears to this past weekend’s Spain elections, Erin Burnett pointed out that the country is the largest solar power market in the world. Suntech Power , as the largest solar module provider in Spain, and Yingli Green , which earns half of its revenue there, are the stocks analysts are recommending. Cramer had been partial to First Solar in that sector, but the high-multiple stock has been “absolutely crushed,” Cramer said.
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