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NEW YORK (TheStreet) -- Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Celgene (CELG - Get Report) : Investors need to have their shopping lists ready for when the markets put great stocks on sale, Cramer told viewers. One of those stocks should be Celgene, which was trading at $139 a share six weeks ago but is now a totally different story today, trading at a scant $115. Celgene previously tested lows at $113, and at that level Cramer said this stock would be a bargain trading at just 15 times 2017 earnings.
Facebook (FB - Get Report) : Another stock investors should have on their shopping lists is Facebook. Facebook traded as low as $83 last week, and is valued at just 21 times 2017 earnings. If that seems pricey for you, Cramer said the markets will probably knock it down and make it even cheaper in the days to come, which makes this great, fast-growing company an even better bargain.
Zoe's Kitchen (ZOES) : Should investors take a chance on the once-loved but now-hated stock that's fallen 25% from its peak in late July? Cramer said Zoe's has a lot going for it but it's far from flawless, which makes it too risky for this market.
The stock of Zoe's had tripled since its initial public offering in April 2014 as investors clamored for what was billed as the next Chipotle Mexican Grill (CMG - Get Report) . But on June 18, the first warning sign appeared -- the company's CFO abruptly resigned. Shortly thereafter, the markets turned sour, taking Zoe's along for the ride.
When Zoe's reported last Friday, investors initially celebrated the company's 1-cent a share earnings beat, its 30% rise in revenue year over year and its 5.6% pop in same-store sales. But this week the stock gave back all of those early gains.
Cramer said while the headline numbers were impressive, Zoe's is seeing a slowdown in traffic, with some of its existing stores not doing as well as its newer ones. That's unacceptable in a tough market, he said, and especially for a stock that trades at a whopping 30 times forward earnings. By comparison, Chipotle trades at just 18 times earnings, Popeye's Louisiana Kitchen (PLKI) at 13.4 times earnings and Bullafo Wild Wings (BWLD) at 10 times.
For those reasons, Cramer said he cannot recommend that stock.
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