Retail Sale - Cramer's Stop Trading! (5/8/08)

Recap of Jim Cramer’s comments on Stop Trading! Thursday May 8. Click on a stock ticker for more analysis.

Agnico-Eagle Mines (AEM), Yamana Gold (AUY) Newmont Mining Corp (NEM), Barrick Gold Corp (ABX): Cramer says gold is coming back given supply issues and signals gold stocks are giving ahead of a potential rally. After AUY had been hammered, it reported a "dynamite" number. While Cramer also likes NEM and ABX, his two favorites are still AEM and AUY.

Nordstrom (JWN), Phillips-Van Heusen Corp (PVH), VF Corp (VFC), Aeropostale (ARO), Wal-Mart (WMT), Costco (COST), TJX (TJX), Urban Outfitters (URBN),Target (TGT): Cramer said he initially recommended retail names only as a trade on the stimulus checks and would take gains on strong April sales numbers for the sector. He noted JWN is a good sell, since it hasn't dropped yet from its disappointing quarter, and PVH and VFC have run. He noted URBN and TJX were not up to par and added he doesn't like TGT at the current price. Cramer said the only two retail names he would own are WMT and COST.

Discovery Holdings (DISCA): Cramer reiterated his bullish call on DISCA after its strong numbers, and said although the company has a convoluted ownership structure, it will be easier to understand in the near future. He noted the upcoming release of a green channel and the $5 billion spinoff of the weather channel.

Transocean (RIG): India is becoming a major area for drilling, and Cramer said RIG will be a big beneficiary of this trend. Host Erin Burnett noted that the world's largest refinery is nearing completion and is located in India.

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Comments

[golds:]

JIM you missed TNK. It's a new tanker company, low debt, and its parent is TK corp which manages 1/2 or more of the worlds spot market. Expect $3.40/eps compared to $1.80 estimates.

It's a $30 stock trading at $21.40 today.

2008 May 10 11:45 AM