Cramer's Stop Trading! The Apple Rally (3/3/11)

|
Includes: AAPL, COST, KSS, MGM, ROST, TJX, URBN, WYNN
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Thursday March 3.

Apple (NASDAQ:AAPL), Kohl's (NYSE:KSS), Costco (NASDAQ:COST), TJX (NYSE:TJX), Ross Stores (NASDAQ:ROST), Urban Outfitters (NASDAQ:URBN), Wynn Resorts (NASDAQ:WYNN), MGM Mirage (NYSE:MGM)

Cramer called Thursday's rally an "Apple (AAPL) rally," and explained that, to many fund managers, there is Apple and there is everything else. "When Apple is bad, the market is bad." Concerning the iPad 2 release, Cramer said, "I did not hear anyone say it was not spectacular." He prefers this rally to the previous "counter-trend" rally that saw pharma and food stocks go higher. He believes gains in these stocks signal fears that there will be a "double-dip recession."

Cramer expects a delayed rally for retail as oil goes lower. He considers Kohl's (KSS), Costco (COST), TJX (TJX), Ross Stores (ROST) and Urban Outfitters (URBN) to be buys. He also predicts money will pour back into casinos as oil prices drop, and recommends buying Wynn Resorts (WYNN), and MGM Mirage (MGM).

::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Jim Cramer was up 31% in 2009. Click here now to sign up for Jim's Action Alerts PLUS and trade alongside him. Special discount for Seeking Alpha users.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.