Cramer targets: Sears $200, Google $500

Posted Oct 10th 2006 2:37PM by Jon Ogg
Filed under: Analyst Reports, Google (GOOG)

What's Jim Cramer making a market in today? On his STOP TRADING segment on CNBC just now, he said you can shield investments by holding Sears Holding Corporation (NASDAQ:SHLD). He reminded us that it is the beginning of the quarter where "it becomes an earnings story." He thinks the double-top is going to fail and he thinks SHLD can go to $200 per share. He even thinks it is a good housing play. Cramer thinks Eddie Lampert has been buying stock.

What about that favorite of all Cramer watchers, Anheuser-Busch Companies, Inc. (NYSE:BUD), and the rumor about the company being purchased? He said the idea of buying BUD doesn't make sense and he thinks a buyout of BUD won't happen.

He also said to let Google, Inc. (NASDAQ:GOOG) come in a bit but he loves it and still maintained his $500 target. He thinks you can use the same multiple of Whole Foods Market, Inc. (NASDAQ:WFMI) to get there and he said this is great that Google can pay $1.65 billion for a YouTube and not get hurt. He is also saying Google needs to spend its money.

Jon Ogg is a partner in 24/7 Wall St, LLC; he does not own securities in the companies he covers.

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Reader Comments (Page 1 of 1)

10-10-2006 @ 3:31PM

robert deininger said...

google buying this site couildn't it be a bad move,the video's belong to many people,couldnt this unleash law suits?I would be afraid to be long,would put in stop

10-10-2006 @ 4:18PM

w.m.bush said...

re: GOOGLE : $500/share frankly, if the two billionaires running the business (very well thank you) would only learn from IBM in the 40's, 50's and 60's and keep splitting the stock so "humans" nac afford to buy it --- there is no top --- would be $1,000 in five years !!!!!!!!!!

10-10-2006 @ 4:45PM

John said...

This deal will make Google/YouTube the new Classifieds.What a great new way to advertise.

10-10-2006 @ 4:53PM

kevin leo said...

Cramer can now shut hell up about EBAY buying SKYPE. GOOG's purchase of YouTube is akin to a growth story just like EBAY's. And yes GOOG paid TOO MUCH for it!!

10-13-2006 @ 9:10AM

Cuneyt said...

GOOG did pay a handsome price, however in 10 years, mainstream television access will be redirected to digital (the internet), and GOOG is positioning themselves to be the leader of the internet TV revolution. Non-technologist forget that YouTube is more than just a teenie web site capable for rev gen, its a collection of employees, talent and IP that can be leveraged to lead into new directions. GOOG owns all this now.