Jim Cramer's Stop Trading! Buy eBay
Monday's retail launch of Skype could send eBay (EBAY) higher, Jim Cramer said on CNBC's "Stop Trading!" segment.
Cramer said eBay is looking like the next mega-tech stock with a big run in it, after Amazon's (AMZN) huge earnings-fueled rally late last month. Cramer believes the company has undermarketed the voice-over-Internet phone service Skype and that Monday's agreement to sell Skype gear at Wal-Mart (WMT) could give the stock a boost. Cramer also cited Bear Stearns research showing "better-than-expected listings growth" at the core eBay business. Cramer called Starbucks (SBUX) and Whole Foods (WFMI) "overvalued," saying he expects the stocks to continue "dribbing and drabbing" lower until there's a big washout. Cramer said the companies continue to execute, but "they're not doing everything right as they used to." He added that both stocks "have lost the benefit of the doubt," given their huge price-to-earnings multiples.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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