Jim Cramer's Stop Trading! Stock Picks and Comments, May 10
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Wal-Mart (WMT), JC Penney (JCP), Kohl's (KSS), Costco (COST), Gap Stores (GPS) and Target (TGT): Following the news that the Fed isn't going to cut rates, Cramer says he is not worried about retail. Their numbers were "expected to be bad, which is why the retailers aren't acting that badly," and he thinks it is time to start buying. Cramer singled out WMT because the company came out with bad news and "was just down a smidgen," and he predicts the retail giant will reach $50. He also likes Target, which had a good number, and JC Penney, Kohl's , Costco and Gap Stores.
CSX Corp. (CSX): Concerning rails, Cramer observed the sector has been running up after Warren Buffet's endorsement, and said he disapproves of hedge fund TCI for picking on rail companies like CSX "which have been the best-performing transport or industrial group." He added, "This isn't ABN Amro! ... Get a therapist!"
Georgia Gulf (GGC), PPG (PPG), Olin (OLN) and Apple (AAPL): Cramer approved of Citigroup's upgrade of Georgia Gulf from a sell to a buy, and noted it rose 7% to $18.88. He thinks it will keep up with PPG, and said "Don't forget Olin." Cramer predicted Apple will reach $120 from $108.
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