TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer expects strong comparable store sales figures from grocery retailer Kroger (KR), but isn’t so fond of Fairway (FWM). ‘Kroger is perhaps the ultimate domestic stock,’ Cramer said. ‘I expect really good comps, I like it.’ As for the best names in the casual dining space, Cramer said to look at stocks like Jack in the Box (JACK) and Panera Bread (PNRA). Cramer also didn’t like the last quarterly reports from Zillow (Z) and Yelp (YELP), but he likes Expedia (EXPE). He suggests owning Macy’s (M) over Kohl’s Corporation (KSS). Finally, when asked if the S&P 500 is headed towards a bottom, Cramer said he is more focused on picking individual stocks. ‘I don’t look at the S&P 500 anymore,’ he said. ‘What did we learn from last year? Individual stock selection.’
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.