Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday October 29. Click on a stock ticker for more analysis:
Nordstrom (NYSE:JWN), Ralph Lauren (NYSE:RL), Coach (NYSE:COH)Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and his Wall Street Confidential Picks.
Cramer thinks another Fed rate cut and colder weather will bring shoppers back into the stores, and says JWN and RL will be the first to bounce back because they tend to attract affluent shoppers who are not as plagued with credit problems. Both companies have "strong brand-name recognition," strong buybacks and are inexpensive. However, COH is not part of the team, because it has lowered guidance and sells handbags, not winter wear, which is what consumers will be out buying.
Target (NYSE:TGT), Wal-Mart (NYSE:WMT) Cramer declares TGT as the "gold standard of shopping" because it is a fun place to shop with a great selection. Whenever Wal-Mart is sluggish, it is because people are shopping at Target instead, said Cramer. He is bullish on TGT because it has more growth than other retailers and is selling its $7 billion credit card business, a sale which may mean a higher dividend. TGT, "The Wal-Mart Killer" is the one retailer investors should buy if they are uncertain about retail, according to Cramer.
Mad Mail: Sketchers (NYSE:SKX), Six Flags (NYSE:SIX) Cramer told a viewer that SKX has finally gotten its international business together and has solved its inventory problems. He blames the weather for SIX's woes, and the company's bad performance is not the fault of CEO Mark Shapiro.
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