On today’s STOP TRADING segment on CNBC, Jim Cramer said there is instantreaction to a whole group of stocks. MSNT/BA/ADM…..he said it’s a fulcrum day and he’s extremely bullish.
3 names to discuss are Under Armour (UA) down 7% is one that is ok. They are down because they reaffirmed instead of raised guidance. He expects the drop to shakeout some of the weaker money. He thinks it will be down again tomorrow because there wasn’t more accelerated revenue growth. He thinks if you can get it at $43 to $44 then you want look at it.
Comcast (CMCSA) is down on spending $1 Billion more. Cramer said he is actually impressed because it’s a real growth story. He is spending his money to grow instead of to buy back stock.
On his favorite GOOGLE (GOOG) Cramer said the revenues not showing accelerated is why people are being shaken out. Cramer said it probably isn’t done going down and could fall to $450, but now he says it’s cap is $600. In prior shows he has used $650 as his number; so this is a much less bullish stance from Cramer on GOOG.
Jon C. Ogg
February 1, 2007
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