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Jim Cramer's Stop Trading! Seagate Ebbs

Cramer likes Penney, though.


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"still has lower written all over it," Jim Cramer said Wednesday on


's "Stop Trading!" segment.

Cramer said there's "no reason to buy" the disk drive company despite Wednesday's 6% selloff. He said the entire disk drive group remains a sell rather than a buy, even at reduced prices.

Cramer is more interested in

J.C. Penney

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, the department store chain he called a "multiyear story" off recent innovations such as the Sephora cosmetics contract and a private label deal with

Polo Ralph Lauren

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. Cramer said Penney and


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do a good job of making shoppers "feel they're richer than they are," and as a result he's inclined to give Penney "the benefit of the doubt" in spite of concerns about its quarter. He sees the stock at $85, up from a recent $81.50, next month.

Cramer also likes

United Technologies

(UTX) - Get Free Report

, which he said should go to $70 off its strong earnings power from a recent $66.

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

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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