Jim Cramer's View On Priceline Group Inc, J C Penney Company Inc And Ocwen Financial Corp

Speaking on CNBC's Mad Money, Jim Cramer said that he would take profits in Priceline Group Inc PCLN because the industry has become competitive. The company won't report good numbers and the sell off will follow, believes Cramer. He doesn't want to own J C Penney Company Inc JCP because there are better stocks to buy in the space. He named Costco Wholesale Corporation COST as the stock he would rather own. Cramer believes that Ocwen Financial Corp OCN should be sold because of a rule he rigorously follows. Accounting irregularities equal sell, explained Cramer.