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Amazon (AMZN)
"Amazon reported that its profits slipped by 37%, and overnight the stock jumped up 10%," Cramer said, commenting that things like this make the current market so "unfathomable." He feels that the only reason Amazon went up was due to negativity and when AMZN reported a better than expected quarter the shorts were "forced to love it." However, Cramer stands firm on his position: "I believe it will get buried." First, while Amazon's revenue was up its profits shrank and second, AMZN is too focused on becoming the internet's Walmart and is not concerned enough with managing the company, according to Cramer. Amazon is "just too big" and "way too expensive" and Cramer thinks that "people shouldn't go near it."
Related: Eric Savitz notes that analysts still hate Amazon.
Brinker International (EAT)
Like Amazon, Brinker also enjoyed a bounce from excessive negativity; "the stock jumped almost seven points yesterday on a declining same-store sales number," Cramer said, adding that same-store sales make or break casual restaurants. However, the stock beat its estimates and Cramer doesn't believe that Brinker's bounce is just a short story but says its a buy. First, it reported a "hold your hand" quarter and unlike Amazon, it is an accelerated growth stock, sells at 17 times earnings, and is cheap. Cramer said that buying EAT is justified because it is cutting its costs, is generating more profit from an improved menu and may buy back stock.
Mad Mail : Sears (SHLD)
On his Mad Mail segment, Cramer told a viewer that Sears' main story is not its real estate but its cash flow.
Related: George Gutowski comments on Netflix's high acquisition costs.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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