Jim Cramer, portfolio manager of Action Alerts PLUS and host of CNBC’s ‘Mad Money,’ said there are several stocks that provide tax loss selling opportunities to investors heading into the end of the year. A viewer suggested four possible names: Qualcomm (QCOM), Macy’s (M), WhiteWave (WWAV) and GameStop (GME). Cramer said of that group, Qualcomm’s short term story isn’t great, Macy’s is getting killed due to warm weather, and WhiteWave has been crushed, but he thinks the stock may get a bid at $31 or $32. Cramer also emphasized that investors should not bottom fish in the oil sector. A viewer asked whether to sell McDonald’s (MCD) after its strong run-up, and wondered whether all day breakfast is just a fad. Cramer said it’s not a fad, and McDonald’s CEO Steve Easterbrook is a ‘generous.’ He added it would be a gift if the stock came in. Another viewer asked about shares of Papa Murphy’s (FRSH) and Cramer responded that the last couple quarters were just okay, and he believes Domino’s (DPZ) is the name to own in that space. Cramer also said he will be very seriously recommending Yum Brands (YUM)in 2016. Send your questions to Jim Cramer on Facebook or on Twitter to @JimCramer, using #CramerQ.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.