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Cramer’s #1 Top Speculative Stock for 2007

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By Douglas A. McIntyre Updated Published
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Cramer’s TOP SPECULATIVE STOCK FOR 2007 tonight is Level 3 Communications (LVLT). 

If you will review my US Stock Market Closing Wrap from the today’s close, I actually noted that Level 3 closed up huge today in hopes that this Level 3 would be one of Cramer’s top speculative stocks tonight since he has been so positive on it.  Cramer said the Broadwing deal closed yesterday and it was up from the arbitrage, but I think it was up because he’s already been so positive on this one as a speculative stock for some time.  Cramer thinks they have a huge broadband pipe in a universe that is essentially facing a potential bandwidth shortage.  Even though the shares closed up more than 6% to $5.93 today, the stock ran almost 5% more to $6.20 after hours.  He thinks that the high debt level is ok because there is high-demand from the junk bond buyers for their debt and they are smarter than stock traders.  The rest you have heard most of before.

His second pick for Speculation was Rite Aid (RAD).

His third pick for Speculation was Savient Pharma (SVNT).

Have a great weekend.

Jon C. Ogg
January 5, 2006

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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