Jim Cramer celebrated retail turnarounds on his "Mad Money" TV show Wednesday, recommending Saks ( SKS). He said finding a retail revival is like finding a diamond in the rough. Analysts have been wasting their time recommending Wal-Mart ( WMT) when they should have been looking at Saks, Cramer said. "I've done the impossible: I dug up two legitimate retail turnaround stories," he said. Saks, the first turnaround Cramer mentioned, is a stock that has the "ultimate aspirational brand," he said. "It's a store with an aura that gets people to spend."
PetSmart's Paw UpThe second turnaround company Cramer named was PetSmart ( PETM), the largest pet store in America.
Am I Diversified?In his "Am I Diversified?" segment, Cramer's first caller owned the following five stocks: Altria ( MO), which Cramer owns for his charitable trust,
Mad MailIn his "Mad Mail" segment, Cramer recommended that a viewer buy AT&T ( T) and gave the stock two thumbs up. Responding to another mailer, Cramer called Halliburton ( HAL), which he owns for his charitable trust,
Lightning RoundCramer was bullish on eBay ( EBAY), Boeing ( BA), Boston Scientific ( BSX), Google ( GOOG), Blockbuster ( BBI), Rite Aid ( RAD), Crown Castle ( CCI), Advanced Micro Devices ( AMD), Allegheny Technologies ( ATI), Cisco ( CSCO), Lundin Mining ( LMC), Allergan ( AGN) and Hewlett-Packard ( HPQ). Cramer was bearish on Sirenza Microdevices ( SMDI), Brocade ( BRC), Citigroup ( C) and Anadigics ( ANAD). For more of Cramer's insights during the Lightning Round,
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