Cramer noted that Dow Chemical (DOW-NYSE) this last round of firing over unauthorized merger talk engagements of talks signals that this means the ousted executives could lead a deal to take DOW private. Otherwise this would be down on the news.
If you look at Citigroup (C-NYSE) it is a pro-stagnation board, which is why the stock is down.
Pepsico (PEP-NYSE) was a great Sanford Bernstein call according to Cramer, but that is because Cramer recently went over this positively.
As far as Gap (GPS-NYSE), Cramer thinks that Old Navy is coming back (yuck, I hope not). The same store sales were well above estimates according to him.
On MGIC Investment (MTG-NYSE) Cramer said that stock should be down, not up, after missing numbers.
Jon C. Ogg
April 12, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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