On today’s STOP TRADING segment on CNBC, Cramer discussed Gap (GPS). He said that is exciting of a potential deal, but the fundamentals are so aweful that they could be able to not sell anything. Cramer would sell GPS shares after the 10% pop from Faber.
Cramer also doesn’t like many oil tanker names because dividends are suspect. Nordic Ameican Tanker (NAT) has a 12% dividend, but Cramer thinks it is suspect at some point and these stocks could discount operations quickly if anything goes south. Some of the companies have already signalled that the dividends could be cut and to wonder why the forward shipping rates are already coming down.
General Dynamics (GD) was noted positively by Cramer as it is up $2.74 today. He thinks the company’s caution last month was just setting the bar low for itself.
It sounded like Cramer was going to discuss Yahoo!’s (YHOO) Mobile Search initiatives at CES tonight on MAD MONEY, so we’ll see if he does.
Jon C. Ogg
January 8, 2007