The stock of TJX Companies ( TJX), the retailer that owns T.J. Maxx and Marshalls, is as cheap as its clothes, said Jim Cramer on his "RealMoney" radio show Monday, and he wants you to buy the stock. Cramer has been bearish on retail, but said it's time to start looking for retailers that have bottomed. TJX fits the bill. TJX lowered earnings estimates last week, which is bullish for the stock, he said, because TJX now has reasonable earnings estimates it can meet. That's the first step for a stock to bottom, he said. What's more, TJX should benefit from a slowdown in the economy because people tend to shop more at T.J. Maxx and Marshalls when they don't feel as affluent. Third, the company's former CEO, Ben Cammarata, is back, said Cramer. Cramer is a big fan of Cammarata. Finally, Cramer believes that TJX should be able to sell some of its stand-alone retail stores such as Bob's Stores, A.J. Wright or HomeGoods to an "eager and willing private-equity market." TJX is a "safe and smart" buy here, said Cramer. The company's shares were recently trading up 57 cents to $21.78 on Monday.
Lenny "Nails" Dykstra joined Cramer to talk about Nordic American Tanker Shipping ( NAT) and Constellation Brands ( STZ). Dykstra highlighted Nordic American Tanker's 9.7% yield, but Cramer advised listeners to be cautious because tanker stocks' dividends have been known to fluctuate wildly. "It's not a layup," to get that dividend, said Cramer. A caller asked about RehabCare Group ( RHB) and HealthSouth ( HLSH). Cramer said he would sell both. Commenting on health care stocks in general, Cramer said he likes diagnostic stocks, health care cost-containment stocks and biotech. Cramer recommended diagnostic play Digene ( DIGE) last week, and he has long been bullish on UnitedHealth Group ( UNH) as a health care cost-containment play.