Market Overview

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


Speaking on CNBC's Mad Money, Jim Cramer said that he would take profits in Priceline Group Inc (NASDAQ: PCLN) because the industry has become competitive. The company won't report good numbers and the selloff will follow, believes Cramer.

He doesn't want to own J C Penney Company Inc (NYSE: JCP) because there are better stocks to buy in the space. He named Costco Wholesale Corporation (NASDAQ: COST) as the stock he would rather own.

Cramer believes that Ocwen Financial Corp (NYSE: OCN) should be sold because of a rule he rigorously follows. Accounting irregularities equal sell, explained Cramer.

Posted-In: CNBC Jim Cramer Mad Money Jim CramerMedia Trading Ideas


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