Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday November 17.
Target (TGT), J.C. Penney (JCP), Apple (AAPL), Palm (PALM), Research in Motion (RIMM), Cloud Peak Energy (CLD), Burlington Northern Santa Fe (BNI)
The bears are predicting a slow holiday shopping season, but consumers are out and buying smartphones; “Americans are spending fortunes on phones,” said Cramer, “and that’s a real expenditure.” This is great news for Apple (AAPL), Palm (PALM) and Research in Motion (RIMM). Cramer doesn't think slow sales at Target TGT) or J.C. Penney (JCP) matter as much as the momentum in smartphones. "Stop freaking out about whether Target had a good quarter or not."
Cramer called Cloud Peak Energy's (CLD) IPO a "sleeper" and thinks whether Obama likes it or not, coal is here to stay. The fact that Cloud Peak Energy mines in the Powder River Basin, an area known to produce coal with low sulfur content, is good for Cloud Peak's environmental credentials. The coal lobby is strong enough to guarantee that the commodity will not disappear, and Buffett's purchase of Burlington Northern (BNI) gives credence to coal's bullish thesis. "In Buffett we trust," said Cramer. "Buy Cloud Peak."
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