After a huge market slide,
"RealMoney" radio show listeners had a lot of questions for Jim Cramer Thursday.
The first caller wanted to know if he should be wary of
, which Cramer said has not been as good as he has expected it to be lately.
Cramer said that
has moved a little upscale and is getting competitive, and that Target is losing a bit of its luster.
However, this is a management team that he said has historically "been able to figure things out." While this may not happen in the near term, he said that the stock could recover after it marks time. He suggested putting money to work in other sectors, or in a company like
Abercrombie & Fitch
if the caller wanted to stay in retail.
Another caller said that he had bought
, but then saw the stock slide 27% as commodities got hammered.
Cramer said that gold has come down from huge highs, and that all the gold stocks were crushed in the process, but that it's also important to note that Goldcorp didn't report a good quarter.
"It was a pure disappointment," said Cramer. "In many ways GG let us down."
The company just finished buying some assets from
, which trades in Toronto under the stock symbol PDG, so if gold goes up, Cramer believes the stock could go to $32 or $33 from its current level near $31.
in part because he believes that management is better at Schering. He owns Schering-Plough for his charitable trust
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He said that the stock represents all the upside of Merck without the legal downside.
With natural gas prices diving, a caller wanted to know if this would benefit
. Cramer said that plastics companies like Dow pay a gigantic natural gas bill every year, and that last year the company was paying $13 or $14 per million British thermal units for natural gas. Now that they're paying about $5 -- "that will explode their margins," he said. People will be shocked by the earnings from this deeply neglected company, he added.
He said that
is stuck. The stock has been up so much that he said he would not buy anymore at this level. He suggested waiting for it to fall before buying more, but said he would not sell Valero because he still sees some upside.
A caller noted that
managed to close up on a horrible day, and Cramer said that the company is in the sweet spot over the next year. However, the short-term picture isn't as rosy because its disk drives are installed into personal computers.
Cramer said that PC sales are in neutral because
is late with its new Vista system, so he would "be ginger" about buying Seagate, and would not buy a lot.
Cramer owns Microsoft for
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Not only would Cramer steer clear of Merck, he cautioned on
"Big pharma has very little momentum," he said.
a good company, but because it has seen a change at the top, he can neither recommend nor dismiss the stock.
He said that he really liked the previous chief executive, but that he doesn't know enough about the new CEO. He added that he likes
He said that he has liked
, which he owns for
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Now it's near $159, but he said that it's not done going up, due in large part to the fact that he believes CEO Eddie Lampert is a great manager.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Microsoft, Schering-Plough and Sears.
James J. 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
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