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 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 PYPL is not going to benefit from an increase of interest rates, thinks Cramer.

He believes that Restoration Hardware Holdings Inc 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.