Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of Mad Money and also the co-founder and chairman of TheStreet.com. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show is the starting point for many investments made by these folks.
During the August 12th show, Cramer discussed the following stocks.
Lowe’s (LOW): Cramer expects a downbeat earnings report from the home improvement store on Monday. It just hasn’t been able to get the forward progress Home Depot has. Jason Capello’s Merchant’s Gate Capital and Ken Griffin’s Citadel are among the hedge funds with large LOW holdings (see Ken Griffin’s top holdings).
Sysco (SYY): Cramer is also concerned about this restaurant supply chain, which has express worry about consumer spending in this increasingly uncertain economy.
Perrigo (PRGO): Referred to by Cramer as the “best knock-off company known to man,” he feels they should report a good quarter next week.
Saks Fifth Avenue (SKS): This retailer, that doesn’t have any knock-offs Cramer quipped, is also expected to report a good earnings quarter next week. Ken Griffin has the largest stock position in SKS.
TJX Companies (TJX): Cramer rates TJX Companies, owners of TJ Maxx and Marshalls, as the most consistent retailer of our era.