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

by: Miriam Metzinger

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

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