Jim Cramer Says Target Is a Buy Under $80 and He May Buy Costco

Jim Cramer says when it comes to apparel stocks, he would be cautious with Under Armour and Nike, but he'd be less cautious with Lululemon.

TheStreet's Jim Cramer says when it comes to apparel stocks, he would be cautious with Under Armour (UA) and Nike (NKE) , but he'd be less cautious with Lululemon (LULU) , which just reported strong numbers. Cramer says there's an aversion to buying expensive stocks, and that's what's ailing Under Armour. Cramer also discussed some restaurant stocks, saying Wendy's (WEN) is doing a lot of things right. He also talked about Chipotle (CMG) , saying the stock may not bounce back until the end of this year. Cramer said he's not a fan of Pandora (P) , due to competition from Apple (AAPL) . He commented on Harley-Davidson (HOG) , saying he thinks there are better places to put your money. Cramer also said his Action Alerts PLUS charitable trust owns Target (TGT) , and he's disturbed that the stock is falling even though the company reported great numbers. He added that Target is a buy under $80. Cramer said he's also thinking of buying Costco (COST) . You can send questions to Cramer on his Facebook page or on Twitter, use hashtag CramerQ.

 

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.