Jim Cramer Recommends Walmart and Costco Over Target

Target Corporation (NYSE:TGT) is one of the stocks Jim Cramer shed light on. When a caller inquired about the stock during the episode, Cramer commented:

“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.”

Target Corporation (NYSE:TGT) operates as a general merchandise retailer that provides apparel, beauty, food, electronics, home goods, and household essentials. A caller asked for Cramer’s thoughts on the company during the September 16 episode. He replied:

“Well, the stock’s down 33%. Now, I am in a wait-and-see mode on this. Why? Because I want to know this new CEO. I want to know what he’s cut out. I don’t know whether he is the right guy or not. I say we have to wait and see before I would possibly advise you to think that there’s more to buy.”

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