This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer's 'Mad Money' Recap: There's No Place Like Home Stocks

The weekly chart confirmed this theory, as the FXE displayed a bearish channel pattern for the euro but also a wedge pattern that the index seems to be poised to break out of. Collins said the stochastics are also showing an extreme oversold condition, one that could result in a 6% to 13% bounce in the currency.

Cramer said with so many investors fearing the worst for the euro, Collins' contrarian view needs to be on investors' radar. He called right now a "buyable moment" for the euro, one that if Collins is right, could see an 18% move to the upside.

Executive Decision

In the "Executive Decision" segment, Cramer spoke with Steve Sadove, chairman and CEO of Saks (SKS), the luxury retailer whose shares rose 6% near their 52-week highs on a surprise 4.7% increase in same-store sales. Shares of Saks are up 22% since Cramer last recommended the stock on Dec 12.

Sadove said that Saks is in "acceleration mode," as many of its stores and segments are performing well. He said the company's New York store is seeing some headwinds now that European tourism is lagging, but overall he doesn't see New York as a negative.

Specifically, Sadove highlighted Saks' eighth-floor shoe department as one standout, calling the floor the second most profitable at Saks' New York flagship location. Jewelry is also strong, he noted, as is women's apparel. Other highlights for the company are its new all-robotic distribution facility in Tennessee, which will help speed along both in-store and online orders for the company.

When asked why the company no longer offers monthly guidance, Sadove explained that providing monthly same-store sales is only half the story and isn't accurate without also including the gross margin component. Thus Saks decided to only offer quarterly guidance, which includes both numbers.

Finally, when asked about store closings, Sadove said that Saks has already closed eight underperforming locations and will be announcing a few more in the future. Saks is opening new locations, however, as it responds to a shifting market.
2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SKS $0.00 0.00%
EXXI $0.12 -5.66%
HD $132.73 -2.22%
GOOG $691.02 -2.10%
GRPN $4.43 -3.90%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs