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Jim Cramer's Action Alerts PLUS

Selling Some Nordstrom Shares

By Jim Cramer and the AAP Team | 2018-06-22 13:43:19.0
Actions Taken:
Symbol Action # Shares Traded Recent Price % of Portfolio* Shares Owned*
JWN Sell 200 $51.66 0.0282 1500

* Indicates results after trade.

After you receive this Alert, we will be selling 200 shares of Nordstrom (JWN) at roughly $51.66. Following the trade, JWN will represent 2.82% of the portfolio.

We are trimming Nordstrom around our highest sale price to date (based on the time this was written) to further lock in our terrific gains in the position. Our cash raised from this sale will increase our optionality and ability to put capital to work in case trade tensions rise over the weekend. And while this sale does not represent a change to our thesis, this volatile market has shown flashes where steep pullbacks follow strong rallies. In the last two weeks alone we have seen JWN go from nearly $53 to below $50 to back to $52. We do not consider ourselves traders and we do think Nordstrom's profitability can inflect in 2018, but we must not let our gains, which are a product of our steadfast belief that Nordstrom's post-earnings selloff was overdone, misconstrue last quarter's missed execution.

With our sale, we will realize an average gain of approximately 6.5%.

Action Alerts PLUS, which Cramer manages as a charitable trust, is long JWN.

June's Flash PMI Pulls Back
Stocks in Focus: NUE

We do not believe it to indicate a trend as other macroeconomic readings have pointed to a strong US economy.

06/22/18 - 11:54 AM EDT
Jim's Daily Rundown
Stocks in Focus: RHT

Jim discusses the first round of CCAR, how the Red Hat quarter is affecting the market, and more!

06/22/18 - 11:22 AM EDT
Weekly Roundup
Stocks in Focus: CRM, XEC, KSS, STZ, DRI, LLY, JWN, M, MSFT, NVDA, SLB, UNH, AAPL, ABT, AMZN, APC, C, CMCSA, DHR, DWDP, EMR, FB, GOOGL, GS, HON, ITW, JPM, MMM, NUE, PEP, PYPL, RTN, TXT, WRK

Rate hikes and trade wars weighed on stocks this week.

06/15/18 - 07:11 PM EDT

Markets

Chart of I:DJI
DOW 24,580.89 +119.19 0.49%
S&P 500 2,754.88 +5.12 0.19%
NASDAQ 7,692.8175 -20.1349 -0.26%

Action Alerts PLUS Holdings

Holdings 1

Stocks we would buy right now

Symbol % Portfolio
Weighting
Industry
AMZN 0.06263643263589191 Internet Retail
CMCSA 0.02960849085196014 Cable/Satellite TV
EMR 0.02803993537857865 Electrical Products
GOOGL 0.02985738047974809 Internet Software/Services
ITW 0.0245126006602692 Industrial Machinery
Holdings 2

Stocks we would buy on a pullback

Symbol % Portfolio
Weighting
Industry
AAPL 0.030369605036892806 Telecommunications Equipment
C 0.023270250008299666 Financial Conglomerates
DHR 0.03440462279708102 Medical Specialties
FB 0.03491230583895979 Internet Software/Services
JWN 0.02814097953349183 Apparel/Footwear Retail
KSS 0.024238559427855747 Department Stores
LLY 0.023500973575023804 Pharmaceuticals: Major
MSFT 0.036576524957200415 Packaged Software
NVDA 0.013720300637804932 Semiconductors
STZ 0.0105535512882019 Beverages: Alcoholic
UNH 0.018557835151816235 Managed Health Care