On STOP TRADING on CNBC at 2:55 PM EST, Jim Cramer said he is tired of hearing the market is expensive, pointing out that ConocoPhilips (NYSE: COP) and steel names are cheap at 5 or 6 times earnings, but names like Coca Cola Company (NYSE: KO) aren't.
On tech stocks, Cramer said he thinks it positive on techs. He thinks Cisco Systems (NASDAQ: CSCO) at 18 times earnings is too low. Cramer thinks many estimates are too low.
Cramer also is sticking by General Motors Corporation (NYSE: GM) with a $40 target. He thinks Tracinda is buying more and he thinks Ford Motor Company (NYSE: F) will have earnings explosions into next year.
Cramer likes CSCO, GM, F, and more
Posted Sep 29th 2006 4:05PM by Jon Ogg
Filed under: Analyst reports, Cisco Systems (CSCO), Coca-Cola (KO), Ford Motor (F), General Motors (GM), ConocoPhillips (COP)
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