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RealMoney Radio Mailbag: NYX Cuts Costs, Moves Up

TheStreet.com Staff

Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

Why is NYSE Group (NYX Quote) moving up so fast?

-- Robert

Jim Cramer: NYSE is going up because the company is overly shorted by traders who don't understand the company's earnings power. NYSE is cutting costs very quickly while embracing electronic trading, which will dramatically increase margins. The analyst estimates on this stock are way too low and are going higher.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.