TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer is bullish on shares of Whole Foods Market . ‘This is an attractive entry point exactly as Credit Suisse said,’ Cramer noted, referring to the investment bank upgrading the stock to ‘outperform’ from ‘neutral.’ Whole Foods trades at $33.68 a share. Cramer said the company is poised for strong performance as its lower cost chain ‘365’ is doing well. Cramer also said Kroger has stalled, while Whole Foods bought back $1 billion worth of stock and continues to repurchase shares.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
