Cramer's Stop Trading! J.C. Penney Can Be Saved (6/14/11)

Includes: AAPL, JCP, LNKD
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Tuesday June 14.

J.C. Penney (NYSE:JCP), Apple (NASDAQ:AAPL), LinkedIn (NYSE:LNKD)

Cramer thinks the news that Ron Johnson, who was the architect of the Apple Store, is leaving Apple (AAPL) to take the helm as CEO of J.C. Penney (JCP) is an indication that J.C. Penney can be saved, and Johnson, who is "the greatest merchant of our time" will be worth a billion dollars to J.C. Penney. It is because of Ron Johnson that Apple stores are now worth $4,000 in sales per square foot; "No other retailer can touch that." Cramer would not sell Apple, which still has the strength of its brands to support it.

Facebook is a great international story and a "remarkable application." Cramer is concerned that the Facebook IPO will be a "splinter offering" like LinkedIn (LNKD) which offered only a few shares and has seen a significant decline since its IPO. If Facebook does a similar splinter offering, "It might cause the bomb two."


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