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

[video] Jim Cramer Quick Take: Market 'Forgives' Target, Tesla and Lowe's

NEW YORK (TheStreet) -- TheStreet's Jim Cramer commented on the jump in Target (TGT - Get Report), Lowe's (LOW) and Tesla (TSLA - Get Report) stock. "Ya gotta love a market" being in "forgiveness mode" was his assessment.

The stock jumps are a bit counterintuitive. Cramer explained the market attitude to companies that have done poorly: "You did badly? We expect you to do badly -- let's buy your stock."

Target and Lowe's have run into business difficulties, but investors aren't penalizing them just now. After Home Depot (HD) reported, Lowe's rose, too. Even with merely OK numbers, Lowe's drew investors in, Cramer said. Home Depot is a holding in his charitable porfolio, Action Alerts PLUS.

Cramer remarked that Target is "rather amazing." After its data breach, investors might have shied away. Instead they accepted Target's word that things are improving and didn't flinch at its 2.5% drop in comparable-store sales.

Must Read: [video] Jim Cramer Quick Take: Eaton's Sandy Cutler Is One of My 'Bankable CEOs'

Tesla has been doing well, but has climbed even more. Why? Cramer sees a good Consumer Reports piece and Morgan Stanley's price bump as helping the stock.

Cramer characterized the market as in "bountiful mode -- if you've got high growth."

--Written by Nora Morrison in Cleveland

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Nora Morrison is a researcher, writer and editor on music, popular culture, and business topics. She is an associate editor at TheStreet, and is on Twitter at No Ticker .

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
TGT $79.75 -1.90%
TSLA $241.07 -2.70%
AAPL $93.44 -1.50%
FB $116.22 -0.44%
GOOG $691.59 0.08%


Chart of I:DJI
DOW 17,677.25 -153.51 -0.86%
S&P 500 2,057.17 -18.64 -0.90%
NASDAQ 4,755.0480 -50.2430 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs