Jim Cramer Says Buy Marriott at $70, Whole Foods Near a Bottom

Jim Cramer, portfolio manager of Action Alerts PLUS and host of CNBC’s ‘Mad Money,’ said he’s not going to pound the table on shares of Target (TGT) even as the company reported a higher profit. Cramer said Target’s numbers looked better than Nordstrom’s (JWN) and Macy’s (M) results, but the stock is retreating because its online sales missed expectations. Action Alerts PLUS currently holds the stock. Several viewers asked Cramer questions about food stocks on Wednesday, including whether Whole Foods (WFM) has bottomed. Cramer responded that the company is buying back stock and has a lot of fire power, and he thinks the stock is closer to a bottom than a top. But he doesn’t like the fact that Whole Foods is borrowing money to buy back stock, he’d rather see them use that money to expand. Cramer added ‘the stock has a better feel than it did for a very long time.’ Cramer was also asked about General Mills (GIS) and said an investor won’t go wrong with that name, especially as the company moves into more natural and organic food. Marriott (MAR) was the subject of another question, with a viewer asking if holiday travel will give the stock some upside. Cramer said Marriott’s deal with Starwood (HOT) is worth more, and that in the past Action Alerts PLUS sold a lot of the stock at $85. Cramer said he’d buy it back at $70. Send your questions to Jim Cramer on Facebook and on Twitter @JimCramer using #CramerQ.