Cramer's 'Stop Trading!': Priceline
NEW YORK (TheStreet) -- Politico "is a very compelling story," said Jim Cramer on CNBC's "Stop Trading!" segment on Tuesday. It's "an interesting hybrid model that is really just a killer of the newspapers."
Cramer said that as a journalist-turned-hedge-fund-manager-turned-journalist, he's been rooting for New York Times(NYT) and Gannett(GCI). "These newspapers are unbelievable," he said. "You cannot lose these newspapers." But when he listens to the Politico story, he said, "I'm saying, 'Doomed. Everybody's doomed.'" "What Politico has is growth, and what we really want out of a stock is growth," Cramer said. "New York Times and Gannett can't give us that." Cramer said people have been "mesmerized" by Priceline.com's(PCLN) surge today and have found it hard to believe. "People keep thinking this company is going to screw up," he said. "I don't know why people want to be against this, in a period where travel's expensive and you save money using them." "Priceline should not have been shorted," he said. "It's been a disaster to short." He said it reminds him of Netflix(NFLX), which people also bet against in spite of its being a "loved company." "Whole Foods(WFMI) is a loved company, and that's getting hit," he said. "I'm wondering if Whole Foods we shouldn't revisit as a long." Turning to retail, Cramer said that Fossil(FOSL) "said a lot of good things" on its earnings call this morning and is up big since.TheStreet Premium Services For Personal Service: 877-471-2967
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