On his December Action Alerts Plus call, Jim Cramer broke down the winners and losers of 2018 for the portfolio.
"Another good one that came back from adversity is Nordstrom. What can I say? What did we learn? We made a lot of money on the stock. We initiated a position in the stock in the mid-forties--right into the teeth of the market's mechanical breakdown in early February," Jim Cramer said. We liked this department store company for several reasons, which included a strong U.S. consumer and excitement driven by the upcoming store launches in New York City--the first for the Seattle chain."
"The stock, we felt, anticipated too much improvement versus what the company could deliver. As a result, we exited Nordstrom in the sixties," continued Cramer. "[The portfolio] locked in an average 37 percent gain."
Cramer discussed the portfolio's performance in 2018 and gave insight on what he's looking at as the market prepares for 2019 in his December call. Find the full replay of the call on Action Alerts Plus.