RealMoney Radio: Off Target

After a huge market slide, "RealMoney" radio show listeners had a lot of questions for Jim Cramer Thursday.

The first caller wanted to know if he should be wary of Target(TGT), which Cramer said has not been as good as he has expected it to be lately.

Cramer said that Wal-Mart(WMT) has moved a little upscale and is getting competitive, and that Target is losing a bit of its luster.

However, this is a management team that he said has historically "been able to figure things out." While this may not happen in the near term, he said that the stock could recover after it marks time. He suggested putting money to work in other sectors, or in a company like Abercrombie & Fitch(ANF) if the caller wanted to stay in retail.

Another caller said that he had bought Goldcorp(GG), but then saw the stock slide 27% as commodities got hammered.

Cramer said that gold has come down from huge highs, and that all the gold stocks were crushed in the process, but that it's also important to note that Goldcorp didn't report a good quarter.

"It was a pure disappointment," said Cramer. "In many ways GG let us down."

The company just finished buying some assets from Placer Dome, which trades in Toronto under the stock symbol PDG, so if gold goes up, Cramer believes the stock could go to $32 or $33 from its current level near $31.

Cramer likes Schering-Plough(SGP) better than Merck(MRK) in part because he believes that management is better at Schering. He owns Schering-Plough for his charitable trust Action Alerts PLUS.

He said that the stock represents all the upside of Merck without the legal downside.

With natural gas prices diving, a caller wanted to know if this would benefit Dow Chemical(DOW). Cramer said that plastics companies like Dow pay a gigantic natural gas bill every year, and that last year the company was paying $13 or $14 per million British thermal units for natural gas. Now that they're paying about $5 -- "that will explode their margins," he said. People will be shocked by the earnings from this deeply neglected company, he added.