Jim Cramer on Target’s Dismal First Quarter Results
Jim Cramer says Target's first quarter earnings report 'stung' because he was expecting the retailer to do much better.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Target's (TGT) - Get Report first quarter earnings report 'stung.' 'Apparel was not good, electronics was not good and the guidance was horrendous,' Cramer said, adding that he thinks shares of Costco (COST) - Get Report and Walgreens Boots Alliance (WBA) - Get Report will come back as these are niche stores. All three stocks are holdings of his charitable trust, Action Alerts PLUS.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
