Jim Cramer's Stop Trading! Happy With Akamai
04/11/07 - 02:53 PM EDT
Jim Cramer "thinks the world" of Akamai (AKAM Quote), he said Wednesday on CNBC's "Stop Trading!" segment.
Cramer said the streaming video play is a "favored nation tech stock" and one he'd be buying even as the rest of the market comes in ahead of earnings season. Cramer called quarterly profit report time, due to start in earnest Monday, "the hardest time to make money" and said investors should consider trimming positions that have gained in recent months ahead of the frenetic action. Looking at his own charitable portfolio, Cramer said he's getting out of Johnson & Johnson (JNJ Quote) ahead of what he expects to be a lackluster quarter but holding onto Goldman Sachs (GS Quote), which he treasures for its P/E ratio of 8. Cramer also likes World Wrestling (WWE Quote), calling it an "international growth story" with "great yield." Cramer said the dividend "keeps a bottom on the stock" and that he sees 2 or 3 points of upside from the recent $17.



