Air Jordan CDP is going to be among Obama’s tech guests
Stocks discussed on Jim Cramer’s Stop Trading! TV Segment, Thursday February 17.
Starbucks (NASDAQ:SBUX), Chipotle Mexican Grill (NYSE:CMG), Nvidia (NASDAQ:NVDA), ARM Holdings (NASDAQ:ARMH), Deckers (NYSE:DECK), Timberland (NYSE:TBL), Apple (NASDAQ:AAPL), Whole Foods Market (WFMI)Concerning Starbucks (SBUX), Cramer said, “Not a day goes by since Howard Schultz [CEO] has come back to work that he hasn’t done something right for shareholders. This is Air Jordan CDP the old Starbucks. It innovates all the time.” Cramer added the stock is cheap and should be bought. He put Starbucks Air Jordan 17s in the same category as Chipotle Mexican Grill (CMG) and Whole Foods Market (WFMI) as companies that are “thinking next generation” and are attracting younger consumers.
Chipotle Mexican Grill is still receiving downgrades, but the stock is not moving down. Cramer thinks this is because of CMG’s new healthy Asian concept which transcends the issue of its “outsized” multiple.
Cramer said he is surprised by Nvidia’s (NVDA) aggressive gains. The stock began last year as the worst stock on the S Air Jordan 13s 500 and has made a significant comeback already. Nvidia was heavily shorted because people didn’t see the tablet opportunity, and now the stock is in the same class as ARM Holdings. The name of the game in tech is “if it’s in tablets, it is working.”
Timberland (TBL) and Deckers (DECK) are leading the bull market in shoes. Chemicals is also a winning sector and is benefiting from low natural gas prices; “raw costs are down, gross margins are exploding. Nike LeBron 12 Chemicals are not done.”
Concerning the news that Apple (AAPL) CEO Steve Jobs, who is on medical leave, is going to be among Obama’s tech guests, Cramer said, “I just hope he looks good. Air Jordan 19s I hope he feels good. I like him very much. He is my hero. He has more to contribute than anyone in this country. I hope the President spends as much time with him as possible. Steve Jobs is the most heavyweight engineer this country has had since Henry Ford.”Jim Cramer was up 31% in 2009. Special discount for Seeking Alpha users.