Tired of hearing about the elections yet? Not Jim Cramer. Tonight on his MAD MONEY show on CNBC, he decided to point out some ways the elections could make you money.
Boy, this sounds like 'deja vu' all over again.
Cramer said that, while corporations may have lost some of their stranglehold over the government, the markets rallied anyway. This, he explained, was the market "getting past the event." Cramer said that gridlock has been good for the economy but you can't like the market quite as much as you did yesterday. Why are you unable to like the market, you ask? According to Cramer, it's because the Democrats care more for the interests of consumers than those of corporate shareholders. If you're going to quantify this, just subtract one multiple point off your stock's P/E ratio. BUT....Cramer says you have to stay in the market and don't be put off on the headlines.
Cramer said the Dem's won't have the power to do much besides making the companies look like they are less of a corporatocracy (my word not his). Cramer said that even Waxman shouldn't keep you away from stocks. Cramer says you do have to pay attention to Washington, but he thinks Pelosi won't stop Google Inc. (NASDAQ:GOOG) from earning $15.00 next year. He also said to stop bashing Halliburton Company (NYSE:HAL) because it is done going down. He thinks the Democrats won't touch the credit card companies because deadbeats don't have lobbyists. Cramer still likes MasterCard Incorporated (NYSE:MA) and says that Fannie Mae (NYSE:FNM) will win. Cramer still thinks Apple Computer, Inc. (NASDAQ:AAPL) is going to $100 by year end and he thinks Cisco Systems, Inc. (NASDAQ:CSCO) is still good to be in with it up huge after the report. In a call-in Cramer said to keep the ExxonMobil Corporation (NYSE:XOM) and not sell it.
Cramer: Democrats have you down? Buy Google and Apple
Posted Nov 8th 2006 6:31PM by Jon Ogg
Filed under: Analyst reports, Television, Google (GOOG), Apple Inc (AAPL), Cisco Systems (CSCO), Exxon Mobil (XOM), Halliburton (HAL), MasterCard Inc'A' (MA), Federal Natl Mtge (FNM)
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Reader Comments (Page 1 of 1)
11-09-2006 @ 8:24AM
Michael Schneider said...
Hisorically Democrats have had better stock markets than Republicans and eveybody remembers the good economies of the Kennedy and Clinton years and of course the Great Depression started with Republican Herbert Hoover. However, a successful economy depends on having the right policies in place. Trade restrictions were a major cause of the Great Depression and some of the Democrats understand this while others talk as though they don't have a clue as to how the world economy works. Kennedy cut taxes to help stimulate the economy but some of the Democrats want to roll back tax cuts Bush imposed that have been successful by most measures. In the world of my parents and grandparents, people feared the Republicans and thought they would cause another Depression but now many people fear the Democrats will bring us to economic trouble with trade wars and higher taxes. On the other side of the coin, most people think there is too much spending and we allowed the deficits to get out of hand in recent years. As a stock analyst, Cramer is focused on the impact of the election on specific stocks but if bad policies are imposed and taxes raised too much the economy and the stock market would be in some jeopardy.
11-09-2006 @ 8:50PM
Thomas Nawn said...
Sooner or later, sooner I suspect, Apple will use the billions, yes, I said billions to buy back shares.my guess, 4 bil. then another smaller company. Apple has no long term debt. zero. They will be forced to do a buyback after listening to me at the annual meeting. just kidding. I have waited a year for a buyback.I am 68, i will not wait another year