On today's STOP TRADING! segment on CNBC, Jim Cramer said there is instant reaction to a whole group of stocks. MSNT/BA/ADM.....he said it's a fulcrum day and he's extremely bullish.
3 names to discuss are Under Armour Inc. (NYSE:UA) down 7% is one that is OK. It is down because it reaffirmed instead of raised guidance. He expects the drop to shakeout some of the weaker money. He thinks it will be down again tomorrow because there wasn't more accelerated revenue growth. He thinks if you can get it at $43 to $44 then you want look at it.
Comcast Corp. (NASDQ:CMCSA) is down on spending $1 billion more. Cramer said he is actually impressed because it's a real growth story. He is spending his money to grow instead of to buy back stock.
On his favorite Google, Inc. (NASDAQ:GOOG) Cramer said the revenues not accelerating is why people are being shaken out. Cramer said it probably isn't done going down and could fall to $450, but now he says it's capped at $600. In prior shows he has used $650 as his number, so this is a much less bullish Cramer on GOOG than just 3 weeks ago and this was one of his 5 tech exceptions for the year recently when he panned the whole tech sector.
Was that a much less bullish Cramer on Google?
Posted Feb 1st 2007 3:51PM by Jon Ogg
Filed under: Major movement, Analyst reports, Google (GOOG), Comcast Cl'A' (CMCSA), Under Armour'A' (UA)
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Reader Comments (Page 1 of 1)
2-01-2007 @ 7:01PM
stock_fans said...
I did brought GOOG's FEB 450 put this morning at 50cent, more triple now, still holding into it. this is real buck
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