Stock Tickers: STX, KOMG, JCP, UTX
On today’s STOP TRADING segment on CNBC, Cramer said that Donald Trump is dead on that the Fed needs to begin cutting rates. He has some stock evaluations for today:
As far as Seagate (STX-NYSE) down more than 5%, Cramer said he does at least have some hope because the CEO is maintaining that demand is strong for their products. But he doesn’t think the stock has bottomed yet and thinks it should still go lower. Since Komag (KOMG-NASDAQ) got crushed he thought it was the tell for the sector to go lower.
He is also maintaining a positive stance on JC Penney (JCP-NYSE) and gtiving the CEO the benefit of the doubt. He thinks that stock will be at $85.00 in 3-weeks, although options this week will drive it to stay around $80.00. He thinks this is actually a multi-year story that is not done going higher.
On United Technologies (UTX-NYSE), Cramer said that analysts were too negative and that the earnings are stronger than they noted. He thinks it is going to $70.00 instead of the sub-$67.00 today.
Jon C. Ogg
April 18, 2007
JOn Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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