Jim Cramer's Stop Trading! RadioShack's Happy Day
03/27/07 - 03:08 PM EDT
Jim Cramer isn't necessarily a big proponent of technology at the moment, but he does like what he's seeing at a tech seller -- RadioShack (RSH Quote - Cramer on RSH - Stock Picks).
"RadioShack is run by a really fabulous guy [Julian Day], and he's running it for profit," Cramer said Tuesday on CNBC's "Stop Trading!" segment. The stock of the electronics retailer, currently at about $27, can keep going up, he believes. "This is a company that was so poorly run it's scary," he said. "They've got management with a brain now." However, it might be a little pricey. As such, Cramer said he would buy it "hand over fist" if it came down a little. Elsewhere in the retail space, he said Target (TGT Quote - Cramer on TGT - Stock Picks) was a better play than its bigger rival Wal-Mart (WMT Quote - Cramer on WMT - Stock Picks), adding that if the stock goes under $59, investors could purchase it. Cramer also offered upbeat comments on agricultural names such as Bunge (BG Quote - Cramer on BG - Stock Picks) and Monsanto (MON Quote - Cramer on MON - Stock Picks), along with the aggregates complex, noting that road-building is ramping up. "Rocks are on fire," he said. As for the market's overall downturn, he suggested that the uninspiring news from Lennar (LEN Quote - Cramer on LEN - Stock Picks) had given traders a "good excuse to ring the register."Sponsored by:



