Jim Cramer's Stop Trading! King HAL
"Bring on Bear Stearns (BSC)," Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.
Cramer said a Wachovia downgrade of the broker is wrong and that Bear chief Jimmy Cayne "shouldn't be bet against." He sees the stock going higher from a recent $149. Cramer also likes Halliburton (HAL), saying a 20% dividend boost Wednesday means that "Prince HAL is now King HAL." He sees the stock going to $37 from a recent $35 because the "short position in out of control." Cramer likes Texas Instruments (TXN) alone among the chip stocks, because it's putting cash to work and is levered to Nokia (NOK), which has been gaining share in the handset market at the expense of Motorola (MOT). Unlike Novellus (NVLS) or Lam (LRCX) or KLA-Tencor (KLAC), TI "shouldn't be thrown out with the bathwater" following Applied Materials' (AMAT) poor quarter late Tuesday, Cramer said. Cramer also said it's unwise to bet against Federated (FD) with Terry Lundgren at the helm.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
Oil *
117.67
|
|
DOWN
89.23 |
DOWN
9.31 |
DOWN
23.35 |
DOWN
0.78 |
10 Yr
1.97%
SPDR Gold
167.14
|
|
-0.69%
|
-0.69%
|
-0.80%
|
-3.81%
|
Data delayed 20 minutes |
Connect with TheStreet