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Cramer's Take on Headline Stocks: Feb. 23

Here's what Jim Cramer's had to say lately about stocks in the news.

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) -- Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer (read an excerpt from his

new book here

) often reminds, investors must do their homework.

So what has Cramer had to say lately about today's headline-makers? At Stockpickr, we've combed through his recent


blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out

what he thinks about some of today's newsworthy stocks


Home Depot

(HD) - Get Home Depot, Inc. Report

: Home Depot

increased its quarterly dividend

and reported a $342 million profit, or 20 cents a share, and its first same-store sales increase in almost four years. In a post last week to his

TheStreet Recommends



Cramer called retail

the"most maligned industry out there." "No matter what happens to the companies, people think the news is bad. These people are stuck in the past," he wrote.

He offered Home Depot and


(COST) - Get Costco Wholesale Corporation Report

as examples: "Also, do you think we would get all of those upgrades of Home Depot if business wasn't improving? How about that great recent number from Costco, which is propelling that stock up nicely?"

Cramer wrote in his blog

yesterday that "Home Depot and


(LOW) - Get Lowe's Companies, Inc. Report

weighing in at 19 times makes for worry," adding that he owns Home Depot for his

Action Alerts PLUS

charitable trust, "where we have a terrific gain."


(M) - Get Macy's Inc Report

: Macy's

earned $466 million

, or $1.10 a share, in its fourth quarter, beating analyst expectations and last year's $4.77 billion loss.

On Feb. 14,

Cramer wrote

in his blog that the previous week's charts were sending signals that "the first quarter is stronger than you think." He saw evidence in retail, "where everyone but

J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report

seems to be stabilizing or read to go higher. Memo to Macy's short-sellers: That one looked particularly appealing."


(TGT) - Get Target Corporation Report

: Target reporting

quarterly earnings

of $936 million, or $1.24 a share, up from the year-ago $609 million. Although sales were up almost 4% to $19.7 billion, they missed analyst estimates for $20.16 billion.

Yesterday, Cramer

wrote in his blog

: "Sleepy and negative. Not much else can be said about this tape right now. Downward bias that may be totally related to the bizarre Friday run-up, giving us an options hangover -- a run that Helene Meisler correctly pooh-poohs in her excellent


this morning.

"Like others on 'Mad Money,' I am focusing on retail, and I believe we will see great numbers out of retail


a buyers' ennui, given that the stocks have run so much.

The possible exception:


(TJX) - Get TJX Companies Inc Report

. Here's a stock that has been on the verge of breaking out for months now. It has the best growth, and it has the best sourcing, and it is




(WMT) - Get Walmart Inc. Report

and cheaper than Target, which also reports this week."

For more of what Cramer's had to say lately about stocks in the news, check out the

Cramer's Take


(Editor's note: At the time of this publication, Cramer owned Costco and Home Depot for his Action Alerts PLUS charitable trust.)


>>Jim Cramer's Portfolios of the Week

>>"Fast Money" Portfolios of the Week

>>Cramer's Diversified Dividend Portfolio

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