Cramer Sticking With DJIA Targets & The CME (CME, NYX)
On tonight’s Mad Money on CNBC, Jim Cramer talked up his DJIA target and DJIA components (there is another batch here as well) but he also said he’s backing the Chicago Mercantile Exchange (NYSE:CME). He thinks this will benefit hugely…
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On tonight’s Mad Money on CNBC, Jim Cramer talked up his DJIA target and DJIA components (there is another batch here as well) but he also said he’s backing the Chicago Mercantile Exchange (NYSE:CME). He thinks this will benefit hugely from the increased volume and the increased volatility in futures. This is one he thinks that can raise fees because they are so large in market share now that the CME/CBOT merger went through. He even said this may be a secular growth story and even thinks the stock is cheap. The company now has accelerating revenue growth for growth managers, and he thinks estimates could be too low.
Jon C. Ogg
August 2, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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