Jim Cramer's Stop Trading! Woeful Wal-Mart

Cramer says it's time for a new CEO in Bentonville.
Author:
Publish date:

It's time for a change atop

Wal-Mart

(WMT) - Get Report

, Jim Cramer said Monday on

CNBC's

"Stop Trading!" segment.

Cramer said the Bentonville, Ark., retail giant's latest weak same-store sales number shows that there is a "big management issue" keeping the company from participating in the rally that has driven up rivals like

Target

(TGT) - Get Report

and

J.C. Penney

(JCP) - Get Report

. He said shoppers are shunning the chain because it is "such a hideous place to shop," a problem he says won't be addressed till there's an executive-suite makeover.

One particular problem, Cramer said, is that Wal-Mart's low-pay, low-benefit workers aren't knowledgable, and this scares away high-price purchasers. Explaining why Wal-Mart's not participating in the flat-screen TV craze, Cramer said, "You don't want to shell out 5 G's to a guy making 10 bucks an hour."

Cramer said it's time to lay off

Crocs

(CROX) - Get Report

following its run from $24 to $50. The stock is down in the low $40s now, but insiders have been selling like crazy.

"Everyone is unloading at the top," Cramer said. "That's worrisome to me." He said that business at the maker of plastic shoes is still good but that he'd wait for the stock to "find its footing."

Cramer brushed off bearish talk about Sam Zell's sale of

Equity Office

(EOP)

, saying Zell is too plainspoken to have failed to mention any possible misgivings about commercial property markets. Cramer also shrugged aside the latest

Barron's

criticism of

Google

(GOOG) - Get Report

, saying, "If you hate it at 200 and 300, chances are you aren't going to embrace it at 500 either."

Finally, Cramer called

Sirius

(SIRI) - Get Report

a buy, saying a negative Bank of America note was premature. Cramer still likes Sirius' momentum, though he doesn't like rival

XM

(XMSR)

.

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

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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

Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.