TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer will be watching Tiffany & Co.’s (TIF) quarterly results, set to be released on Friday before the markets open. Analysts expect the jewelry maker to post earnings of $1.41 a share on sales of $1.22 billion. ‘If they don’t beat this quarter, they are shot,’ Cramer said. ‘They have guided down and guided down.’ He said the high-end like Tiffany and Restoration Hardware (RH) isn’t working. ‘What has been working is the mid-range – I like Target,’ Cramer said. Target (TGT) is a holding of Cramer’s charitable trust, Action Alerts PLUS. Shares of Tiffany lost 7 percent since the start of the year.
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