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Jim Cramer's Mad Dash: Retail and Restaurants Are Tough Investments Right Now

NEW YORK (TheStreet) -- TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said he is reducing his exposure to the retail and restaurant industries simply because they aren't giving him a reason to invest in them right now. 

On CNBC’s “Cramer’s Mad Dash” segment, he pointed out the disappointing earnings report from Red Robin Gourmet Burgers (RRGB - Get Report), which missed revenue and earnings expectations. 

Noodles & Company (NDLS - Get Report) also disappointed investors with a top- and bottom-line miss, and both stocks are down roughly 20% on Thursday as a result. 

Read More: 4 Stocks Warren Buffett Is Selling in 2014

Cramer said too many companies are trying to become the next Chipotle Mexican Grill (CMG - Get Report), but are struggling to do so, pointing out that Noodles is having problems generating sales in the mid-Atlantic. 

The whole industry is “spotty,” he said, “except for Chipotle.” 


- - Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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RRGB $83.39 -0.25%
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