Get That Money
Plan of action: buy damaged stocks that are cheap in value. To do this, you need to compare your stock to others that have similar businesses. For example, when looking at Amazon (AMZN), which was killed last week, compare it to Borders (BGP) and Barnes & Noble (BKS). When looking at the values, BKS is the cheapest and most attractive. Look to buy after they report a poor earnings this quarter.
Also, XM Satellite Radio (XMSR) is looking very attractive because it not only hit a bottom, but it is also a great take over target for Sirius Satellite Radio (SIRI) which would allow a monopoly in the satellite radio business.
Lightning Round:
Bulls: NOK, OATS, SO, GSK, MET
Bears: RACK, BC, IP, FDC, ALKS
Cramer believes a recession its currently taking place, ever since May 11th. Sell anything that peaked on this date. Stay away from copper and gold. Possible stocks to look at include: PEP, GIS, MO, WFC. Bottom Line: Stay defensive in this slowdown.
posted by Stock Administrator @ 11:10 PM
Get That Money
Plan of action: buy damaged stocks that are cheap in value. To do this, you need to compare your stock to others that have similar businesses. For example, when looking at Amazon (AMZN), which was killed last week, compare it to Borders (BGP) and Barnes & Noble (BKS). When looking at the values, BKS is the cheapest and most attractive. Look to buy after they report a poor earnings this quarter.
Also, XM Satellite Radio (XMSR) is looking very attractive because it not only hit a bottom, but it is also a great take over target for Sirius Satellite Radio (SIRI) which would allow a monopoly in the satellite radio business.
Lightning Round:
Bulls: NOK, OATS, SO, GSK, MET
Bears: RACK, BC, IP, FDC, ALKS
Cramer believes a recession its currently taking place, ever since May 11th. Sell anything that peaked on this date. Stay away from copper and gold. Possible stocks to look at include: PEP, GIS, MO, WFC. Bottom Line: Stay defensive in this slowdown.
Also, XM Satellite Radio (XMSR) is looking very attractive because it not only hit a bottom, but it is also a great take over target for Sirius Satellite Radio (SIRI) which would allow a monopoly in the satellite radio business.
Lightning Round:
Bulls: NOK, OATS, SO, GSK, MET
Bears: RACK, BC, IP, FDC, ALKS
Cramer believes a recession its currently taking place, ever since May 11th. Sell anything that peaked on this date. Stay away from copper and gold. Possible stocks to look at include: PEP, GIS, MO, WFC. Bottom Line: Stay defensive in this slowdown.
posted by Stock Administrator @ 11:10 PM
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