Jim Cramer Says “Kohl’s Won’t Be Terrible”

Kohl’s Corporation (NYSE:KSS) is one of the stocks on Jim Cramer’s game plan for the week. Cramer mentioned the company during the episode and commented:

“We have a slew of important earnings on Tuesday from a host of industries. In the morning, for example, we get results from Kohl’s, Best Buy, and DICK’S Sporting Goods. What am I hearing? That Kohl’s won’t be terrible. That’s probably good, though.”

Stock market data. Photo by Alesia Kozik on Pexels

Kohl’s Corporation (NYSE:KSS) sells apparel, footwear, accessories, beauty, and home products. Some of its brands include Apt. 9, Jumping Beans, Tek Gear, and Simply Vera Vera Wang. During the July 23 episode, Cramer said that the company’s stock was “not a safe short,” as he remarked:

“I’m talking about stocks like Kohl’s, okay? 50% short interest that at one point doubled because of social media instigation, just to bash the hapless shorts who are truly pressing their bets here. Even with Kohl’s, there’s some merit. Kohl’s used to trade in the 50s three years ago, and it received three takeover bids right in that level. The short busting started, it was at 10 bucks, having traded as low as six bucks. That’s too cheap.

Downright embarrassing to know that so many hedge funds have been caught with their pants down again in a situation where there’s too much short interest and not enough stock floating around to cover if something good happens, and something good could happen. Kohl’s has no debt maturities for four years of any size, and has new leadership. It has a fabulous deal with Sephora. What happens if one of those acquirers comes back? Not a safe short.”

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