Jim Cramer's Mad Dash: Retail and Restaurants Are Tough Investments Right Now

NEW YORK (TheStreet) -- TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said he is reducing his exposure to the retail and restaurant industries simply because they aren't giving him a reason to invest in them right now. 

On CNBC’s “Cramer’s Mad Dash” segment, he pointed out the disappointing earnings report from Red Robin Gourmet Burgers (RRGB), which missed revenue and earnings expectations. 

Noodles & Company (NDLS) also disappointed investors with a top- and bottom-line miss, and both stocks are down roughly 20% on Thursday as a result. 

Read More: 4 Stocks Warren Buffett Is Selling in 2014

Cramer said too many companies are trying to become the next Chipotle Mexican Grill (CMG), but are struggling to do so, pointing out that Noodles is having problems generating sales in the mid-Atlantic. 

The whole industry is “spotty,” he said, “except for Chipotle.” 


- - Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Apple Needs to Figure Out Its Self-Driving Vehicle Strategy

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

Throwback Thursday: Tesla, Chip Stocks, TheStreet's Picks

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

12 Stocks That Our Writers and Their Sources Recommend You Buy Here

Musk Goes on Unoriginal Media Tirade

Musk Goes on Unoriginal Media Tirade

What's Happening in Video Games This Week: On the Road to E3

What's Happening in Video Games This Week: On the Road to E3