On Stockpickr Answers Thursday and yesterday, Jim Cramer responded to a new batch of questions posed by members of the Stockpickr community. Anybody can ask, respond or comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section. Here are a few of the questions to which Cramer recently responded:
- Last month, you suggested an ETF for regional banking stocks. Now that the Canadians and Spanish are bank-shopping, is the KBW Regional Banking (KRE) ETF a ready-made basket of buyable bank stocks?
Would you stay in it for this reason? Buy more?
- ConocoPhillips (COP) gets hit on an analyst downgrade. This pullback looks like a time to buy with oil going to 100.
- Recently you mentioned on "Mad Money" that you don't see a catalyst for J.C. Penney (JCP). However, couldn't the catalyst for that stock simply be that it's so freakin cheap compared to other retailers? I can understand shorting JCP at $80 or even $75, but I think the bears are really pushing it at $65.
What are your thoughts?
- Concerning woman's apparel -- Ann Taylor (ANN), Chico's FAS (CHS), Talbots (TLB) are performing nicely today in a down market and have come off their 52-week lows. Looking at forward P/Es, price-to-book and ROEs for these 3 companies and compare data to Coldwater Creek (CWTR), I can't figure out why the market continues to brutalize CWTR. which is near 52 week low again, especially with the option activity in this stock for October and November '07.
Is there more downside to go for CWTR?