Jim Cramer Says He Wants to “Hear a Plan That Can Get Target’s Mojo Back”

Target Corporation (NYSE:TGT) is one of the stocks in focus as Jim Cramer laid out this week’s game plan. Cramer highlighted the company’s woes, as he commented:

“We also get, this is much tougher, the earnings from Target under the tutelage of outgoing CEO Brian Cornell. Now, I want to hear a plan that can get Target’s mojo back, mojo being a technical term, meaning it’s gotta start doing better. Remember… this used to be a very popular chain, especially with young people, but Target’s struggled with price in this environment of persistent inflation. Even with its extra-special private label goods, there’s a price gap with Walmart, and that has to be solved.”

Photo by Adam Nowakowski on Unsplash

Target Corporation (NYSE:TGT) is a retailer that provides apparel, beauty products, groceries, electronics, home goods, seasonal items, and household essentials. A caller inquired about the company’s stock during the October 31 episode, and Cramer replied:

“Well, it does have a new CEO, and we haven’t seen the imprint yet. I will say this: these stocks are so out of favor that even if you buy the best of them, they’re not working. A longer-term view would say that it’s time to buy Walmart or one that I talked about with Jeff Marks… for the Charitable Trust, which is that Costco has come down so much that I think Costco is the way to go. I don’t care so much about the yield. Target has a big one. I care about growth, and Costco’s got that. That’s the way to go.”

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Disclosure: None. This article is originally published at Insider Monkey.