Jim Cramer's Stop Trading! 4/9/08: Attention Wal-Mart Shoppers

by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Wednesday March 5. Click on a stock ticker for more analysis.

Shaw Group (SGR): Cramer says The Street tends to react according to the short-term rather than the long-term story with infrastructure stocks. He noted Shaw Group’s substantial orders and would look for a buying opportunity.

Circuit City (NYSE:CC), Best Buy (NYSE:BBY), United Parcel Service (NYSE:UPS): Cramer said BBY gave up the bounce following its earnings, since people tend to worry about the price of gasoline, regardless of how well a retailer does. He wouldn’t buy CC, because Cramer says he’s seen “a lot of early-cycle retail getting clobbered,” on UPS’ bearish comments. “Retail is awful,” said Cramer.

Bed Bath & Beyond (NASDAQ:BBBY), Pier 1 Imports (NYSE:PIR), Urban Outfitters (NASDAQ:URBN), Costco (NASDAQ:COST): While a bankruptcy for Linens and Things will be good news for BBBY, Cramer would not recommend the stock or PIR, in spite of BBBY’s strong balance sheet. ”I don’t want anyone to think I’m recommending any other retailer other than Wal-Mart, Costco and Urban Outfitters.” He added “Wal-Mart is very, very right here,” and URBN has a “guerilla-style” marketing technique because they put up new stores in up-and-coming areas. Cramer says URBN is a misunderstood story with very little competition and would buy on any dip.

Cisco (NASDAQ:CSCO): Cramer commented the numbers keep coming down, and thinks it will reach $22-$21.

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