Cramer said it’s ok on CNBC’s MAD MONEY tonight to pay up after some companies beat earnings and you have to pay up to sell higher.
Boeing (BA-NYSE) and Caterpillar (CAT-NYSE) are continuing to run up and are ok to pay a premium for. Cramer said you can also go with Whirlpool (WHR-NYSE) as the next in the home improvement and building exposure company that is a monopoly and should run after earnings Wednesday. Cramer said you should get in ahead of earnings because he thinks it’s going up. Cramer also said that Cisco Systems (CSCO-NASDAQ) and Cramer thinks it could bounce back up to $29.00 after reporting and then it could go even higher. Doug here art 24/7 Wall St. gave a scenario that would allow Cisco shares to rise to $34.00 by mid-year, but it is a guide of what needs to happen.
VF Corp (VFC-NYSE) is another one Cramer says you can buy. On Disney (DIS-NYSE) next Wednesday you can think expect it to go higher. Thursday Bunge (BG-NYSE) is one you can buy ahead of earnings for a snap-back to go higher. Curtis Wright (CW-NYSE) is already on highs but he thinks it is going higher.
This ties into his video segment on TheStreet.com discussing how he likes to buy stocks on 52-week highs more often than not because that is the market casting an affirmative smart vote for the company.
Jon C. Ogg
February 2, 2007
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