Jim Cramer's 'Stop Trading!': Buy Shaw Group
Buy Shaw Group (SGR) Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
Cramer said that the stock, down 4% today, overreacted to an earnings statement today. He agreed with the company's contention that it is a nuclear power play. "When you look at these infrastructure plays," he said, investors "react short-term to what should be long-term" news. He said he would buy the stock and that the company has a great outlook over the long term.
Circuit City
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shares fell after the company offered a gloomy forecast in its earnings report. "
Best Buy
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is best in show," Cramer said. "It's given up all those gains it's had after that better-than-expected quarter. ... I don't want to touch Circuit City."
Cramer noted that many early-cycle retailers have been "clobbered" today. He attributed their decline to a disappointing first-quarter outlook from
UPS
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. "I think retail is doing awfully," he said.
Bed Bath and Beyond
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, which was down 5% today, has a "great balance sheet," Cramer said, but "I'm not a buyer of it." He said
Pier 1
TheStreet Recommends
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might be due for a comeback, but he is not recommending any retailers besides
Costco
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,
Wal-Mart
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and
Urban Outfitters
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.
"I feel that Wal-Mart is very very right here," Cramer said. As for Urban Outfitters, he said the company is a "misunderstood story" and praised its guerilla-style marketing.
In tech, Cramer predicted that
Cisco
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shares would fall to $21 or $22.
At the time of publication, Cramer had no positions in any of the stocks mentioned.
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