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Jim Cramer: Target Is Back, Priceline Can Go A Lot Higher

Jim Cramer answers viewers' Twitter questions from the floor of the New York Stock Exchange.
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Jim Cramer answers viewers' Twitter questions from the floor of the New York Stock Exchange. Cramer answers his first question on the IT consulting company, Cognizant (CTSH). Cognizant beat earnings and revenue estimates in its last earnings report but Cramer thinks that the stock is ‘played out.’ The problem Cramer has with Cognizant, which continues to beat estimates again and again, is that ‘eventually expectations catch up.’ Looking to retail stocks, Cramer says that ‘if you like J.C. Penney (JCP), go buy Macy's (M), go buy Target (TGT); they’re all going to move.’ Action Alerts PLUS, Cramer’s charitable portfolio, owns Target. Cramer admits that ‘the stock has been terrible of late,’ but thinks that ‘Target is going to have an okay season.’ ‘More importantly Brian Cornell is turning the company around,’ Cramer said. ‘If you look at a snapshot month to month or even one quarter, you are making a mistake. Target is back. It is going to be really good.’ Cramer answered a question on Priceline (PCLN). ‘I’ve liked Priceline for a long time’ he said, adding that that ‘European bookings and travel is very strong.’ Cramer also said that Kayak (KYAK) is also ‘very strong’ and that Kayak matters a great deal for the group, a group which Cramer says is ‘on fire.’ Cramer ends by saying that he thinks Expedia (EXPE) and Priceline are great and that he thinks Priceline ‘can go a lot higher.’ If you have a stock question, tweet it @jimcramer using #CramerQ

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