Jim Cramer's Stop Trading! Hold On to Kohl's

Don't throw the retail baby out with the bathwater.
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Stick with

Kohl's

(KSS) - Get Report

, Jim Cramer said on

CNBC's

"Stop Trading!" segment Friday.

"I think

Kohl's stock could go back to $56," he said, noting that the company "bought back a ton of stock at $56." Trading at 12 times earnings, Cramer thinks Kohl's is a "quality retailer." Even though people are throwing away all retailers, Cramer "cannot throw Kohl's out."

Of

Avon Products

(AVP) - Get Report

, Cramer said, "That last quarter was great." The company is "growing at 12%, trading at 22, 23" times earnings, and boasts "terrific China growth, terrific Latin American growth. ... Easily, I think it's getting another 3 bucks," Cramer concluded.

Hewlett Packard

(HPQ) - Get Report

, which Cramer owns for Action Alerts Plus, is "a very cheap stock. ... People are just throwing away all tech. It doesn't make any sense."

For Middle East plays, Cramer recommended checking out

Halliburton

(HAL) - Get Report

and reminded viewers that

Foster Wheeler

(FWLT)

CEO Raymond J. Milchovich expects to net the majority of "$90 billion in contracts coming from ... Saudi Arabia," and Cramer agrees with the prediction.

At the time of publication, Cramer was long HPQ.

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