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Cramer sweet on Vince McMahon of WWE

Awww, dawg, it's straight-up whack! Wall Street has just totally "dissed" the company. Wait, is this the stocks blog? Sorry. I just got carried away with Jim Cramer's latest rant. He's discussing World Wrestling Entertainment, Inc. (NYSE: WWE), a stock was down for a while. Yet its yield is over 5%.

Cramer interviewed chairman and "third-generation promoter" Vince McMahon on video conference. Cramer asked about WWE's international prospects, and McMahon said that his company's entertainment may be the biggest US export. McMahon said national attendance was actually down at events but the international audience more than makes up for it. Cramer asked McMahon about two movies, McMahon said they have some downside protection and they keep their own intellectual products. He said Spain, Italy, Portugal, Philippines are all growing after recent launches. Cramer said that the future seems brighter than the past and Cramer thinks the dead-money past performance is about to change. He said you should even do a "Mo'm-Back" and buy it before this changes.

Oddly enough, Cramer didn't ask any guidance questions or real financial questions. Maybe that, too, would be whack. WWE traded up 3.2% today, so we'll have to see how it performs on Friday.

Cramer says ... ACI & MEE could get bought out

Jim Cramer on today's STOP TRADING segment violated his show's title: he essentially said KEEP TRADING.

Last night he was calling for a "mom-back," essentially a "back up the truck and buy" bias on the entire market. He has been positive, particularly, on techs and drug stocks, as they lead the market higher.

He said it is the most "stealth bull market" he has seen. May 11 was essentially the peak of oil, said Cramer, and it is now bouncing and may go lower. He thinks oil stocks have been trying to find a bottom, and says the market rally has legs.

As for analyst earnings estimates? Too low.

Arch Coal, Inc. (NYSE:ACI) is one that is too far off and he has noted it as a possibility as a buyout target for a big oil company down the road. He also noted Massey Energy Company (NYSE:MEE) might be a target.

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

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Last updated: February 13, 2012: 04:21 PM

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