Jim Cramer's Stop Trading! Goldman $300
TheStreet.com Staff
01/24/07 - 02:56 PM EST
Marvell (MRVL Quote) and
Broadcom (BRCM Quote) are "good for a trade" right now, Jim Cramer said Wednesday on
CNBC's "Stop Trading!" segment.
Cramer reiterated that tech stocks are good only for a trade until August. But he said he likes the wireless chip players off the success of the Xbox, Playstation and iPhone.
"
Seagateski (STX Quote) goes up, Marvell goes up," Cramer said, affecting a slight Russian accent.
Cramer also said "bears are dying" in speculative names like
Level 3 (LVLT Quote), up 5% at $6.26, and
Blockbuster (BBI Quote), up 2% at $6.78.
A distinctly less speculative name,
Goldman Sachs (GS Quote), is "going to $300," Cramer said, off Wednesday afternoon's 3% rise to $219 and change. He said it's time the market gave the trading giant "the
Merrill (MER Quote) multiple."
Cramer likes
Marriott (MAR Quote),
Starwood (HOT Quote) and
Hilton (HLT Quote), saying the hotel stocks are hated by people who "don't do their homework." He also said
Trump (TRMP Quote) is "so lowdown" at 17 and change off the recent Pennsylvania casino setback that "I'm not afraid" of buying the stock.