Jim Cramer Gives Thumbs Up to Skechers and Macy’s CEO Terry Lundgren
With the holidays drawing near, investors had a range of questions from apparel makers to retailers to vehicle makers and more, which TheStreet's Jim Cramer fielded from the floor of the New York Stock Exchange as investors presented them via social media.
One viewer asked whether to stay the course on Skechers (SKX) - Get Report , or take a loss. The investor noted that Skechers shares have slumped almost 40% over the past month.
"I think long-term, Skechers is good, but understand, they sell into a place like Macy's," said Cramer, co-manager of the Action Alerts PLUS portfolio. "You have to deal with the fact that there's not a lot of mall traffic because it's just too warm."
Speaking of Macy's (M) - Get Report , another viewer asked about the competence of Macy's CEO Terry Lundgren. The retail giant's same-store sales dropped 3.6% during the third quarter. "I think Terry is very good," Cramer said. "They have a flagship store that's in New York that's being hurt by a strong dollar and I think people are using Macy's as a showroom for Amazon."
Sticking with retail, another viewer wanted Cramer's take on Whole Foods (WFM) , a stock that's lost 41% since the start of the year. "I have been very adamant that Whole Foods is not at a bottom yet," Cramer added. "I know a lot of people think that because of the buyback that it's the right time to buy. I like to buy stocks that have positive earnings momentum or growth and Whole Foods doesn't have that right now."
On the flip side, Cramer said Kroger (KR) - Get Report is his favorite retailer in the supermarket space.
Next, Cramer received a question about engine company Cummins (CMI) - Get Report about why the stock's price has been falling and whether or not now is the time to step in and scoop up shares.
"Cummins is uniquely related to China and they have a gigantic Chinese business," Cramer said. "They've been cutting back and buying back stock and I'm not so sure how good of an idea that is and the yield isn't big enough yet to stop the stock from going down."
Shares of Cummins slumped 9.6% over the past month.
As for motorcycle manufacturer Harley Davidson (HOG) - Get Report , Cramer said the company is in a very competitive environment. "Take a look at how low Polaris has gotten - that is also a motorcycle company," he said. "If you really want to have some sort of a discretionary income play, it's Brunswick."
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.