Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and also the co-founder and chairman of TheStreet.com. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show is the starting point for many investments made by these folks.
During the August 12th show, Cramer discussed the following stocks.
Lowe’s (LOW): Cramer expects a downbeat earnings report from the home improvement store on Monday. It just hasn’t been able to get the forward progress Home Depot has. Jason Capello’s Merchant’s Gate Capital and Ken Griffin’s Citadel are among the hedge funds with large LOW holdings (see Ken Griffin’s top holdings).
Sysco (SYY): Cramer is also concerned about this restaurant supply chain, which has express worry about consumer spending in this increasingly uncertain economy.
Perrigo (PRGO): Referred to by Cramer as the “best knock-off company known to man,” he feels they should report a good quarter next week.
Saks Fifth Avenue (SKS): This retailer, that doesn’t have any knock-offs Cramer quipped, is also expected to report a good earnings quarter next week. Ken Griffin has the largest stock position in SKS.
TJX Companies (TJX): Cramer rates TJX Companies, owners of TJ Maxx and Marshalls, as the most consistent retailer of our era.
Dell (DELL): For the first time in a very long period, Cramer expects good things from Dell when they report quarterly earnings. He feels they may be able to finally put some distance between themselves and “cellar dweller” Hewlett Packard (HPQ). Mason Hawkins of Southeastern Asset Management has a substantial stake in the company. (For more of Hawkins’ picks, check here).
NetApp (NTAP): Operating in data centers, the best performing area of the technology sector, Cramer feels NetApp desperately needs to report good news or there may be nowhere left in the technology sector to hide.
Staples (SPLS): Staples quarterly earnings report will be a barometer for how small businesses are faring. Cramer said it won’t be good news coming from Staples.
Deckers Outdoors (DECK): A perennial favorite of Cramer’s, Deckers Outdoors continues to bounce back after every sell-off. Cramer still recommends this stock.
Foot Locker (FL): Cramer recommends paying special attention to this footwear stock. It is doing surprisingly well and boasts a 3.5% yield. Robert Rodriguez’s First Pacific Advisors is among the most bullish fund managers about FL.
Gap (GPS): Cramer didn’t disguise his disdain for this retailer that always seems to have excuses for its performances. Edward Lampert sees the story differently. His fund significantly increased its position in the retailer. (See more of Lampert’s investments).
Yingli Green Energy Holding Co. (YGE): This Chinese solar company is nowhere near Cramer’s list of desired stocks. He doesn’t like the fact that subsidized energy is losing support due to cash-strapped governments.
LinkedIn (LNKD): Cramer used this internet, social media stock as an example of how brokers will artificially price an IPO in order to drive intense interest. They engineer artificial pops in IPOs to make demand for the stock appear high.
Amazon (AMZN): A viewer asked Cramer during Mad Mail if Amazon was considered a true tech company. Cramer replied that it is more than just a tech company. It is a retail stock; the world’s largest, in fact. Cramer highly recommends the growth stock. Chase Coleman of Tiger Global Management increased his firm’s position in the stock by over 40%. Chase Coleman is one of the most successful fund managers in 2011. His 2011 return is around 30% (see more of Coleman’s holdings here).
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.