Cramer's Mad Money - J.C. Penney Is The Gift That Keeps On Giving (6/19/12)
By SA Editor Miriam Metzinger: Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday June 19.
J.C. Penney (JCP), Walgreen (WAG), Express Scripts (ESRX), Sears (SHLD), Wal-Mart (WMT), Target (TGT), CVS Caremark (CVS)
J.C. Penney (JCP) is the gift that keeps on giving ... not to its customers and shareholders, but to its competitors. New CEO Ron Johnson has been unable to turn the company around, because he removed what JCP customers liked most about the store; its deals and coupons. As a result, JCP's loss is a gain for Sears (SHLD), Wal-Mart (WMT) and Target (TGT). Walgreen (WAG) is also helping its rival CVS Caremark (CVS), since WAG has been down since the beginning of its disagreement with Express Scripts (ESRX). Instead of trying to turn around business at home, WAG is buying a stake in British drugstore chain, Boots. While these two companies might manage to turn thingsComplete Story »