Cramer said that a lot of momentum is ending on his Wall Street Confidential video on TheStreet.com today. The profit taking is coming out of the REIT’s after the EOP/Zell deal because they are supposed to be yield-driven. The value or growth buyers aren’t coming in and now people are looking for the Colgate (CL) and P&G (PG) players as safer growth plays rather than other growth names. He noted that Google (GOOG) and Chicago Mercantile Exchange (CME) are seeing massive amounts of momentum and growth money coming out of those names; he also thinks you have to let those bottom on their own before the momentum players coming back in. In energy Cramer discussed that there has been a multiple compression phase because there could be down quarters year over year even though there is interest from the outside. The integrated oil companies need to drill more and now you can find value in them. This was a shorter segment than most and more void of picks and brash comments.
Jon C. Ogg
February 12, 2007
Buffett Missed These Two…
Warren Buffett loves dividend stocks, and has stuffed Berkshire with some of his favorites.
But he overlooked two dividend legends that continue to print checks on a new level, they’re nowhere in his portfolio.
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