Cramer's Stop Trading! Newspapers Are Doomed (11/10/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday November 10.

Decker's Outdoors (DECK), Polo Ralph Lauren (RL), Priceline (PCLN), Netflix (NFLX), Whole Foods (WFMI), New York Times (NYT), Gannett (GCI)

As a former journalist turned hedge fund manager, Cramer has been firmly on the side of newspapers, particularly the New York Times and Gannett; "You cannot lose these newspapers." However, after looking at Politico's story, Cramer thinks even the great newspapers are doomed:

"What Politico has is growth, and what we really want out of a stock is growth," Cramer said. "New York Times and Gannett can't give us that."

High-end retail is on the road to recovery; it is no accident that Polo Ralph Lauren is on Goldman Sachs's conviction buy list. Cramer recommends UGG boot maker, Decker's on any dip.

Priceline.com has been a "master of execution," keeping prices low while prices for the rest of the travel industry are going up. The stock was up 30% on Tuesday after reporting a better-than-expected quarter. Like Netflix, Priceline is "a loved company" and "has been a disaster to short."

Cramer sees potentially a similar scenario with Whole Foods (WFMI), another "loved company" that is being shorted; "I'm wondering if Whole Foods we shouldn't revisit as a long."

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Comments

[Novice Trader:]

The NY Times are doomed because no one wants to read their crap. Same thing everything else on the Looney Left.

Nov 11 10:46 AM

[tedster98:]

This is America, not the USSR. If the people wanted to read Pravda (the NYT and the Post), then they would. Since we aren't forced to, we won't.

Nov 11 11:00 AM

[User 185953:]

Yeah, Fox is a much better news source - confirms those conservative crazies preconceptions and feeds them like a rabid mother Hyena.

Nov 11 02:08 PM