J.C. Penney (JCP), Ralph Lauren (RL): Cramer sees JCP's 3% selloff as an opportunity to buy, and comments that management has its "eye on the ball." He praises its deal with RL which will produce private-label clothes to be sold exclusively by JCP. Cramer would by the stock at every 2 or 3 point dip.
Whole Foods (WFMI) and Wild Oats (OATS): Cramer likes WFMI's plan to buy OATS, because the move will eliminate a price-cutting competitor, raise margins and will give the company a chance to make a comeback after its decline in November.
Analog Devices (ADI), Texas Instruments (TXN), Broadcom (BRCM), Qualcomm (QCOM): Cramer cites ADI CEO Jerald Fishman's comments that inventory correction is over as a reason to expect a rally in TXN, QCOM, and BRCM, although he comments that QCOM is "too litigious for my taste."
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