Cramer's 'Stop Trading': Apple, Wal-Mart
NEW YORK (
) -- Apple has finally found a device that is attracting the attention of corporations, Jim Cramer said during Thursday's
Stop Trading!
segment on CNBC.
Traditionally, corporations -- especially financial firms -- have mostly been interested in
Hewlett-Packard
(HPQ) - Get Report
and
Intel
(INTC) - Get Report
(a stock Cramer owns for his Charitable Trust). But Cramer said he is hearing corporate Web designers that are already starting to get applications together for the iPad.
Cramer also owns Apple for his Charitable Trust.
Meanwhile, Cramer declared that he is disappointed in
Ciena's
(CIEN) - Get Report
bigger-than-expected first-quarter loss. For those investors looking for Internet speed with no road blocks, Cramer instead recommends
F5 Networks
(FFIV) - Get Report
or
JDS Uniphase
(JDSU)
.
Switching over to the adorable puppy sector, Cramer noted that
PetSmart
(PETM)
hit a 52-week high today after it reported strong fourth-quarter earnings and an optimistic 2010 outlook.
Cramer added there is, in his opinion, significant opportunity in the pet market.
Del Monte
(DLM)
reported good numbers, with a boost from sales of Milk-Bone dog treats. Likewise, Cramer says investors should also look into
PetMed Express
(PETS) - Get Report
and
VCA Antech
(WOOF) - Get Report
, an animal healthcare company.
"People are spending more money on their pets than previously thought," Cramer said.
The fear that Wal-Mart would come in and crush the category has, Cramer says, proven unfounded.
In the realm of things made of metals, as opposed to fur, Cramer noted that
Nucor
(NUE) - Get Report
announced on Thursday that it is forming a joint venture with
Mitsui & Co.
that will invest in steel operations worldwide. Each company will hold a 50% stake in the venture, which is called NuMit.
The stock is up only 0.8% to $43.50 and Cramer said he is surprised it is not advancing more on the news.
On the retail front, Wal-Mart upped its dividend 11% on Thursday. The discounter has been raising its dividend every year for about 35 years -- still, the announcement caught Cramer's attention.
"I was surprised," Cramer said. "I never thought of
Wal-Mart as a high yielder, but they are giving more back to shareholders."
Still Cramer warns that President Barack Obama is not a fan of the company because it is not pro-union. If Obama passes card check, Wal-Mart will be "public enemy No. 1," he said. This why Wal-Mart has been "cold in a red hot retail market."
In Cramer's last thought of a busy segment, he noted that gold has stalled in March and that he doesn't think it will rebound near term, but is a good year-long prospect.
-- Reported by Jeanine Poggi in New York.
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