Jim Cramer Gives His Opinion About J C Penney, Paypal And Restoration Hardware
On CNBC's Mad Money, Jim Cramer said that he likes J C Penney Company Inc (NYSE: JCP), because he thinks Marvin Ellison is doing quite well, but there was a note from JPMorgan analyst last week that claimed that J C Penney won't make its targeted quarterly result. Cramer added that the note took his breath away and he now thinks that it's a very rough time ahead for big retailers.
Paypal Holdings Inc (NASDAQ: PYPL) is not going to benefit from an increase of interest rates, thinks Cramer.
He believes that Restoration Hardware Holdings Inc (NYSE: RH) should be a good pick in the long term. He would buy some now and wait to see if it drops to $25 or $26. That would be a very good long-term entry, in his opinion.
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