Cramer's 'Stop Trading!': Retail Woes

Retail stocks such as Coach and J. Crew aren't done going down, Jim Cramer says.
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"Schlumberger (SLB) - Get Report and Halliburton (HAL) - Get Report don't lay off people because business is good. They lay off people because business is bad," said Jim Cramer on Friday's "Stop Trading!" segment on CNBC. "I'd sell these stocks."

"

Transocean

(RIG) - Get Report

?" he continued. "I think the numbers are all too high for these. The numbers are all too high."

As for retail, Cramer said he thought it was the "most oversold group," but now he sees more downside in stocks such as

J. Crew

(JCG)

and

Coach

(COH)

. "These stocks are not done going down," he said.

He would, however, buy

MedcoHealth

(MHS)

. "I think MHS is a great company," he said.

He encouraged people to look to

KB Homes'

(KBH) - Get Report

conference call for an explanation of its recent rise. "Everyone's missing the point there," he said. "You've got to hear what they have to say about their hardest-hit areas, which is that they've bottomed."

At the time of publication, Cramer had no positions in stocks mentioned.

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