3 Stocks I Saw on TV (AMZN, THS, CAG) (May 17, 2016)
Every night we watch the same shows, Fast Money and Mad Money, and we want to USE those ideas the grow OUR money. Well good trading takes more than just pushing the buy button, every morning, on the stocks you saw on TV last night. I’m here to help you make money on these 3 stocks I saw on TV.
Now today we’re talking about food. We’re talking about private label, off label goods. Cramer was chatting about this on Mad Money. It turns out that Amazon ( NASDAQ:AMZN ) is kind of thinking about doing their own label, right? So I’m going to start off with the big dog. First of all Cramer loves Amazon ( NASDAQ:AMZN ), most people do. But I’ll tell you who doesn’t, the folks who knocked this stock down 2 percent on Tuesday. So here’s the deal: This is in a really nice uptrending pattern, if you zoom out for a while, but I think the stock could pullback some. They had a blowout quarter, but the way the market is trading, the way Amazon ( NASDAQ:AMZN ) is trading, I think, just stand back. I doubt it’s going to fall a lot because this is kind of the go-to retailer, not just for consumers, but also for stock traders. So you want to look to buy this on any weakness.
Cramer was saying, if they want to get into this business, TreeHouse Foods ( NYSE:THS ) would be the company that they could probably do business with. I’m looking at this and that’s fine, but I don’t see a dividend yield. I see a really choppy stock. I see it up after hours, and that’s probably because of Cramer featuring this stock. But I want you to be careful because the stock blew out here, it actually broke out of a volatility squeeze to the downside, okay, that’s a bearish thing. Then it reversed to the upside, and then it’s continued to go here. But today’s price action, I’m doing this video on Tuesday night, this is lower than it’s been for a while. So I think if you want to get TreeHouse Foods ( NYSE:THS ), look to buy it a little bit lower. Me, honestly, I’m kind of passing on this. Because if I’m buying this theme, I’ll just wait for Amazon ( NASDAQ:AMZN ) to come down a little bit; I don’t need to go into TreeHouse Foods ( NYSE:THS ).
Now ConAgra ( NYSE:CAG ). Cramer loves this company too. They package all the junk food that a man could want, and more than a man should have, as far as breakfast cereal and stuff. So ConAgra ( NYSE:CAG ) works. This is a stock that I like a lot because of the pattern that’s shaping up here. Look at the time period here, 2016, 2015, so this goes back to the middle of last year. What’s turning out to be just kind of a nice long consolidation here, a little congestion higher. I think you can buy this stock right now. Maybe take a little bit, because the way the market is, the stock is trading right here, but if this falls further, you know it can fall another couple bucks, and if we’re only talking a 40.00 some dollar stock, $2.00 is 5 percent. Do it in your head, I just did the math. So if you could get more of a downdraft then I guess that would be better. But here’s the thing: You’re trading this pattern, at least that’s what my suggestion is. Uptrend, sideways, consolidation, a little bit of a cup and handle. So you take some stock right now. Once it starts rebounding then go ahead and buy a little bit more. Watch it closely here, and if the stock starts trading above this to a new high, Boom! Now you’re in a full position. That’s how I would trade this stock.
3 Stocks I Saw on TV