On today's STOP TRADING! segment on CNBC, Jim Cramer discussed sub-prime loans. Cramer thinks it is still right to bet on sub-prime lenders because they know how to model them and the stocks could double on a rate cut. Cramer said Wells Fargo & Company (NYSE:WFC) is the best in show here and it hasn't kept pace with banks and it knows what they are doing.
As far as tech growth, Cramer thinks there are so many cycles coming on that tech will do well on a company specific basis. AT&T Inc. (NYSE:T) and Cisco Systems, Inc. (NASDAQ:CSCO) were noted positively. He said Akamai Technologies, Inc.(NASDAQ:AKAM) is now the gold standard of growth and it has no real competition.
He likes an IPO from Allegiant Travel (NASDAQ:ALGT) and he thinks Cal-Dive International, Inc. will come on strong.
Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers.
Stop Trading!: Cramer likes sub-primes
Posted Dec 11th 2006 3:12PM by Jon Ogg
Filed under: Analyst reports, Cisco Systems (CSCO), AT and T (T), Akamai Technologies (AKAM)
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