This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Analyzing Notable Bearish Calls Made By Jim Cramer

Stocks in this article: BX JCI JCP M PSX SDT VLO

CHRIS LAU, KAPITALL For the week ending April 12 2013, Jim Cramer covered 69 companies, of which he was bearish on 13 of them (or 19%). Since the companies that he was bullish on are up 11.9% from their 200 day moving average, there may be greater value in looking more closely at the companies getting “sell” calls. The companies are:

Screen shot 2013-04-15 at 10.41.07 AM

Unsurprisingly, a number of resource companies were on the bearish list. Valero Energy (VLO), a US refiner, peaked at $48.97 while SandRidge Trust (SDT) is down 50% from highs reached last year. Valero is spinning off CST Brands, a retail unit, through a distribution to its shareholders. CST Brands operates independent gas stations and convenience stores. The unit generates nearly $500 million in earnings for Valero.

[More Investing Ideas:  Bullish Trinity: Insiders and Hedge Funds Love 4 Short Covered Stocks

Phillips 66 (PSX) was another bearish Cramer call. Shares are up nearly 15% in 2013 and are up 33.5% over the last 6 months even with the most recent sell-off. Despite the bearish call, the refiner was cited by Oppenheimer as a buying opportunity.

In the retail sector, JC Penny (JCP) is at a share price that is over 50% off levels from 2012. The company scored a minor victory against Macy’s (M) recently. J.C. Penny will be allowed to sell Martha Stewart (MSO) products under the “Everyday” label. Liquidity is becoming a concern for the company. The company hired Blackstone (BX) to look for ways to raise its cash. J.C. Penny needs to raise $1 billion, to alleviate worries for suppliers.

Last week, the company removed former Apple executive Ron Johnson from the CEO position. 3 former Apple executives that Johnson hired also left J.C. Penny. This includes the Chief Operating Officer, Chief Talent Officer, and Chief Creative Officer.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs