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Jim Cramer Likes Macy's And Blackstone Group

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Jim Cramer said on CNBC's Mad Money that Macy's, Inc. (NYSE: M) might have bottomed. It had a big inventory problem with warm clothes and it is freezing now, explained Cramer. He added that the stock pays almost 4 percent dividend yield and it has a pretty decent balance sheet.

Cramer wouldn't bet against Stephen Schwarzman and Blackstone Group LP (NYSE: BX). He likes the dividend yield and he suggested that a viewer shouldn't close his long position in the stock.

 

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Posted-In: CNBC Mad Money Jim CramerMedia Trading Ideas