On March 29, Jim Cramer continued analyzing Phillips-Van Heusen (PVH) and Nike (NKE). He is bullish about both PVH and Ralph Lauren (RL). Cramer thinks RL and PVH are in control of their destinies. He doesn’t think Nike has a smart management team, which didn’t act on high raw material prices.
Cramer recommended every investor to own some gold. He said the precious metal is scarce, in high demand, and it is a hedge against economic chaos. He likes NovaGold Resources (NG). A portfolio of gold miners returned more than physical gold over the past year.
In the lightning round, Cramer also recommended General Motors (GM), Waste Management (WM), Centerpoint Energy (CNP), Public Service (PEG), and Federal Realty Investment (FRT). Cramer also revealed that he is bearish about Sprint (S) and General Growth Properties (GGP). In his discussions, Cramer also mentioned that he likes AT&T (T), Chipotle Mexican Grill (CMG), JP Morgan (JPM), Lululemon (LULU), OpenTable (OPEN), and Range Resources (RRC). Here are hedge funds’ positions in these companies:
Phillips-Van Heusen: PVH gained 3.5% so far in 2011. Ken Fisher is the only prominent investor with PVH holdings. Fisher had $9 Million invested in PVH at the end of December.
Ralph Lauren): Ralph Lauren returned 11.4% since the end of December. Stephen Mandel’s Lone Pine Capital had a $385 Million position in RL at the end of December. Ken Fisher also had $159 invested in this name.
Nike: The stock lost 10.3% so far this year. Cramer is bearish about Nike. Warren Buffett also sold all his NKE holdings at the end of December.
Chipotle Mexican Grill: Chipotle returned 25% since the end of December. Jim Simons and Louis Navellier are among prominent investors with CMG positions.
Centerpoint: CNP gained 11.3% since the beginning of this year. Simons’ Renaissance has a small position in this stock. The stock has a forward dividend yield of 4.7%.
Federal Realty Investment: FRT returned 4.6% since the beginning of this year. Simons also has a small position in FRT.
General Growth Properties: GGP lost 3.1% so far this year. Cramer doesn’t like GGP. Bruce Berkowitz’s Fairholme, John Griffin’s Blue Ridge Capital, Bill Ackman’s Pershing Square, and Whitney Tilson’s T2 Partners are bullish about GGP.
General Motors: Cramer is long term bullish about GM. The stock lost 15.6% so far in 2011, hurting several hedge fund managers. Hedge funds snatched 6% of GM’s outstanding shares and amassed a $3.4 Billion position during the last three months of 2010. There were 112 hedge funds with GM positions at the end of December. Griffin’s Blue Ridge, Ackman’s Pershing Square, George Soros, David Tepper’s Appaloosa, Roberto Mignone’s Bridger Management, Richard Perry’s Perry Capital, and Leon Cooperman’s Omega Advisors are among the several high profile hedge funds with GM positions. Recently GM insiders turned bullish and was making purchases.
JP Morgan: The stock gained 8.6% since the end of 2010. Hedge funds, 164 of them, own 4% of JPM’s outstanding shares. During the fourth quarter, they spent $1.8 Billion to place their bullish bets. Steven Mandel, Griffin, Bill Miller, and Lee Ainslie are among the high profile hedge fund managers invested in JPM.
Lululemon: Lululemon returned 30.3% since the end of December. LULU is also one of Oprah’s favorites. Simons has a small position in LULU.
NovaGold Resources: NovaGold lost 10.7% so far this year. Griffin, Soros, and Paulson are among NG investors.
OpenTable: OpenTable is one of the high momentum stocks which returned 46% since the beginning of this year. Tilson was extremely bearish about OPEN last fall. Steve Cohen has a small OpenTable position in his portfolio.
Public Service: The stock lost 0.5% since the end of December. There aren’t any significant hedge fund holdings in PEG.
Range Resources: The stock gained 24.5% so far this year. Griffin had a $175 position in this stock at the end of December.
Sprint: Cramer is bearish about Sprint. The stock returned 9.2% so far this year. David Einhorn, Barry Rosenstein, and Curtis Schenker are among hedge fund managers with S holdings.
AT&T: The stock gained 3.8% since the end of 2010. Bruce Berkowitz had a $276 Million T position at the end of December.
Waste Management: WM returned 1.7% this year. There aren’t any significant hedge fund holdings in WM.
Additional disclosure: I am long physical gold.