Cramer’s STOP TRADING segment today was on the road on a college tour.
On FedEx (FDX) Merrill Lynch said $135; Cramer said he thinks they are best in show even though he was disappointed with UPS (UPS) and he thinks their multiple is too low. He likes it, and on the $135 target from Merrill Lynch he thinks that FDX deserves to be higher.
On National Oilwell Varco (NOV)…Cramer said the conference call is full of numbers that put tech numbers to shame. He said it’s a sanctioned monopoly on building rigs and it’s up $3 but this is a prelude to being up $10 and he thinks it goes to $70 since they are printing money.
Another sub-prime lender blowing up is a gift to be able to buy Countrywide (CFC) on a discount. CFC is mostly immune from these smaller deals and he thinks these are Good for CFC because they’ll get more market share and its’s going higher.
Jon C. Ogg
February 6, 2007
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