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Cramer: Hail Retail Investors, Plus Ralph Lauren To $120
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On today’s STOP TRADING segment on CNBC, Jim Cramer came out discussing if the individual investor is in the market. If retails buys tech like Ciena (CIEN-NASDAQ) and Apple (AAPL-NASDAQ) then they are buying needles in the haystck, but machinery, mining , minerals, aerospace are all their own haystacks. You can see what he said the other night for individual stock picks here with his four sectors and then the other two sectors where he believed we are in wild bull markets that outlines his picks in each of these sectors.
Ralph Lauren (RL-NYSE) is firing on all cylinders and it is starting to take up more and more retail space and taking gross margin power away from retailers. Cramer said RL’s stock is heading for $120.00.
Jon C. Ogg
May 31, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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