"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
, 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
. Cramer said Penney and
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
, 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.
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