Jim Cramer Likes Skechers, Macy’s CEO Terry Lundgren and Says Whole Foods Has More Room to Fall

TheStreet’s Jim Cramer answered questions from social media on the floor of the New York Stock Exchange.

TheStreet’s Jim Cramer answered questions from social media on the floor of the New York Stock Exchange. One viewer asked if they should stay the course or take a loss on Skechers (SKX), which saw shares slump almost 40 percent over the past month. ‘I think long-term, Sketchers is good, but understand, they sell into a place like Macy’s (M),’ Cramer said. ‘You have to deal with the fact that there’s not a lot of mall traffic because it’s just too warm.’ Speaking of Macy’s, another viewer asked about the competence of Macy’s CEO Terry Lundgren. The retail giant’s same store sales dropped 3.6 percent during the third quarter. ‘I think Terry is very good,’ Cramer said. ‘They have a flagship store that’s in New York that’s being hurt by a strong dollar and I think people are using Macy’s as a showroom for Amazon (AMZN).’ Sticking with retail, another viewer wanted Cramer’s take on Whole Foods (WFM), a stock that’s lost 41 percent since the start of the year. ‘I have been very adamant that Whole Foods is not at a bottom yet,’ Cramer added. ‘I know a lot of people think that because of the buyback that it’s the right time to buy. I like to buy stocks that have positive earnings momentum or growth and Whole Foods doesn’t have that right now.’ On the flip side, Cramer said Kroger (KR) is his favorite retailer in the supermarket space. Send your questions to Jim Cramer on Facebook and Twitter @Jim Cramer, using #CramerQ.

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