Jim Cramer's Top Takeaways: Hasbro, TJX, Dollar General
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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Hasbro (HAS) - Get Report : In an exclusive interview, Cramer spoke with Brian Goldner, chairman, president and CEO of Hasbro, which today posted a 2-cents-a-share earnings beat only to see shares fall by 6.6%. Prior to today, shares of Hasbro were up 25% for the year as investors anticipated a picture-perfect quarter.
Goldner responded to concerns over rising inventory levels by saying that increased inventories were needed as his company continues to expand its global footprint and ramp up new initiatives for the third and fourth quarters. He said concerns over slowing sales of toys for boys are exaggerated and sales are actually 13% for the year.
Goldner said Hasbro's mobile gaming segment is seeing sales up 80% for the year, and his company will continue investing in that segment.
When asked about today's slumping share price, Goldner noted Hasbro increased the dividend by 11% this year and will buy back between $100 million to $150 million worth of Hasbro shares this year.
Cramer said rarely do investors get to buy a good company on a big down day, but today is that day for Hasbro.
TJX Stores (TJX) - Get Report and Dollar General (DG) - Get Report : What's the secret to retail success in an Amazon.com (AMZN) - Get Report world? Value and convenience, Cramer told viewers.
Cramer illustrated these points with two purchases he made over the weekend. He said when he needed new socks for his workouts, he went to TJ Maxx, owned by TJX Stores. Why? Because the store was conveniently located near Wall Street and it had high-quality socks from Under Armour (UA) - Get Report for less than Amazon. Better still, he walked out with his new socks. That's convenience.
Later in the weekend, Cramer found himself in need of a new flyswatter, something every household needs but certainly not something you're going to pay to ship. That's where Dollar General (DG) - Get Report came in. For just a dollar, Cramer had his new weapon at the ready, also the same day.
What do these two stories tell us? Our country has changed, Cramer explained. Convenience is key and frugality is the new normal.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.