Altria Group (NYSE: MO) down 1.6%
Level 3 Communications (NASDAQ: LVLT) up 3.4%
NYSE Group (NYSE: NYX), the growth stock of the year, has done nothing.
Cramer said he is not canceling any of these recommendations. In fact, Cramer said he thinks you can back up the truck. Out of the three, he thinks that NYX is the best one that has been under arbitrage pressure over the Euronext merger. That has now ended today since 91% of the holders approved the deal. Cramer thinks the analysts will have to chase this and then they will capitulate. He thinks you have to go in now beforehand. There is limited supply because the insiders didn't sell their stock. Cramer said it is also a shoe-in to be added into the S&P 500 Index and it may fly with no stock supply upon the announcement. He thinks it can at least go back to $110 (its high). Here is Cramer's full list from earlier in the year.
He also had another two CEOs that you can count on: Cramer thinks that a retailer CEO that can be given the benefit of the doubt even after bad numbers is Mike Ullman of JC Penney (NYSE: JCP). He wasn't happy with the quarter and was upset about the inventory, expenses and product mix. He said he would get it back on track in the next quarter. The stock fell after the report to $77.00, but Cramer said the March numbers are coming in great, and that you can back Ullman.
The second name on the list is one that Cramer didn't believe before, and the CEO made Cramer look bad for it. Terry Lundgren of Federated Dept Stores (NYSE: FD) came on MAD MONEY after a big miss and said that that wouldn't happen again. As it turned out, after hitting $36 -- and after Cramer turned his back on it -- it closed today at $46.23.
Jon C. Ogg
March 27, 2007
Comfort Zone Investing: The unmighty dollar
Five winners of a weak dollar
For a quick-read on the U.S. economy, check the price of gasoline
Reader Comments (Page 1 of 1)
3-28-2007 @ 10:28AM
Sheldon L said...
NYSE Group - Down 4% year to date. Cramer, Cramer, Cramer -- You screwed up buddy!....http://www.bloggingstocks.com/2007/03/27/cramer-cramer-cramer-you-screwed-up-buddy/
3-28-2007 @ 6:15PM
Tom Miller said...
CSX is a good company. I was wondering if they are going to merge with another rail company or will they be bought out by a equity company..
3-29-2007 @ 8:27AM
Michael Schneider said...
At least he doesn't have big losers there. He's probably pretty close to market performance.
By comparison, you can explore the free list of Barrel View stocks which have been discussed in our free newsletter at http://www.barrelomoney.com.