Jim Cramer Finds URS Better Play Than SHAW (SHAW, URS, WFMI, SWY, JAH)
In his Stop Trading! segment on CNBC, Jim Cramer took notice of Jarden (NYSE: JAH), the maker of almost every type of consumer goods known to man, when the company declared that it is the fourteenth largest importer of 20-foot containers from China to the US. JAH had added on Tuesday that it had swung to profits in its fourth quarter and expected to achieve sales growth across its business units in 2010. Cramer said that he was a buyer of JAH at the current price. JAH fell 2.25% in yesterday’s trading before continuing its fall by 0.29% in after hours.
After Whole Foods Market (NASDAQ: WFMI) raised its guidance on better-than-expected first-quarter earnings, Cramer noted that some investors were bearish on the company, as they believed that shoppers would not pay for its organic products. However, consumers are actually preferring to buy WFMI’s products, since the takeout option is cheaper than eating out. Cramer also expressed his liking for Safeway (NYSE: SWY) in the grocery sector. While WFMI jumped 12.55%, SWY rose 1.89% in yesterday’s trading.
While concluding this segment of his “Mad Money” show, Cramer said that although investors are focusing on Shaw Group (NASDAQ: SHAW), after its announcement that it will perform comprehensive energy services for the US General Services Administration, he believed that URS (NYSE: URS) is a better play. While SHAW climbed 1.71%, URS, gained 1.12% yesterday.
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