Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Jim Cramer: ‘Conn’s Is Clearly Troubled’

Jim-Cramer-illustration-640x360

CNBC’s Jim Cramer has changed his tune about retail. While the sector was troubled the first part of the summer, back-to-school and holiday seasons may help retailers, and investors might be moving back to domestic clothing and food stocks and away from industrials that may be hurt by the ongoing crisis between Russia and the Ukraine. Kohl’s (KSS) and Ross Stores (ROST), for instance, which have little or no overseas exposure, reported better-than-expected results.

Conn’s (CONN) however is “clearly a troubled company, ” said Cramer. After reporting impressive numbers, including an 11% rise in same store sales, management mentioned the company had credit problems, which is a kiss of death; “People want out of this stock very badly.”

Regeneron (REGN) has been a consistent winner as one of Cramer’s first picks since his Mad Money program first ran a decade ago. Then it was trading at $5, and now Cramer thinks it might reach $442 on its new anti-cholesterol drug which can be taken alongside other medications and reduces heart attack and stroke risk. Cramer thinks this could be a multi-billion drug and is long the stock.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis cialis satış