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

Black Friday 2012 Depends on the 60-Inch TV

NEW YORK ( TheStreet) -- Jim, we've got Thanksgiving on Thursday. That means the retailer selling season is here with Black Friday.

Jim Cramer:


Lindsey Bell:

We have promotions starting Thursday night.

Jim Cramer:

I was in the stores this weekend and they're packed. It's really kind of amazing that this...this is the TV Black Friday. It all involves a 60 inch TV, Costco's got it, Walmart's got it, Best Buy's got it, and they're going to give it away. They're going to lose money on every 60 inch they sell...that's the way Costco has historically brought people in...and that is the fulcrum. That's the product because it's dramatic.

It's so inexpensive versus what you have. You talk about fifteen hundred dollars all in and this is the product, and this is what's going to draw people to stores, and this is what people are going to buy.

Then Apple, they're going to buy Apple products because Apple's got a full line of new updated products, and I think they're very strong. Why shouldn't people buy...I like Apple stock, I own it for Action Alerts Plus, but the problem with Apple is that you don't know...well you don't know what they have for 2013. They haven't unveiled iTV, but Apple products, big-screen TVs, these are it. These are going to be gigantic for Christmas, I think, gigantic.

Lindsey Bell:

Okay, now the NRF is saying that sales are going to increase 4.1 percent this year, this holiday season. That's a little bit less than last year.

Jim Cramer:

Well the fiscal cliff. That goes to five percent if you resolve the fiscal cliff. Otherwise you've got to really be worried, and you've got to husband your cash, and you should be on the sidelines. I mean, I'm surprised that so many people are shopping given...a lot of people don't understand the issue. I mean today was the first day on the Today Show that we really...the Today Show being one of the biggest mass audiences in the world, that we actually addressed the fiscal cliff.

So it's going to seep into peoples' consciousness, yet you have to hope that it's resolved before the 10 days before Christmas when there's still a lot of shopping.

Lindsey Bell:

You mentioned Costco, Apple, but what about online retailers?

Jim Cramer:

Amazon's good. I've been behind Amazon for a long time, but the problem with that is that Amazon is one of those companies that is a faith company because it sells at such a huge price-earnings multiple, and this has been the year where you've been really chastened if you've recommended high-multiple stock.

So I like Amazon very much, but I think you have to do it deep-in-the-money calls to be able to cut off your downside far out.

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
AAPL $93.74 0.00%
AMZN $659.59 0.00%
COST $148.13 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs