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Jim Cramer: ‘Conn’s Is Clearly Troubled’


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.

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