Jim Cramer's Stop Trading! Hit F5
TheStreet.com Staff
12/14/06 - 02:56 PM EST
It's time to get out of
Akamai (AKAM) and into
F5 (FFIV), Jim Cramer said Thursday on
CNBC's Stop Trading! segment.
Cramer said Akamai has been "unstoppable" of late with its hold on the fast-growing streaming video business. But at 63 times earnings, he believes the stock has limited upside. Cramer said F5 traffics in a similar business but trades at only 26 times earnings estimates.
"It's time to jump off the Akamai horse," Cramer said, and buy F5.
Cramer also loves the oil service companies, particularly
Input/Output (IO), up 8% Thursday, and
Baker Hughes (BHI). The drillers, he explained, are "en fuego."
Cramer believes the market should rise sharply for the rest of Thursday into Friday. He cited options expiration-driven action in big names like
Exxon (XOM) and
AIG (AIG). "Bears, look out," Cramer said.