Jim Cramer's Stop Trading! Goldman $300
TheStreet.com Staff
01/24/07 - 02:56 PM EST
Marvell (MRVL) and
Broadcom (BRCM) 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) 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), up 5% at $6.26, and
Blockbuster (BBI), up 2% at $6.78.
A distinctly less speculative name,
Goldman Sachs (GS), 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) multiple."
Cramer likes
Marriott (MAR),
Starwood (HOT) and
Hilton (HLT), saying the hotel stocks are hated by people who "don't do their homework." He also said
Trump (TRMP) is "so lowdown" at 17 and change off the recent Pennsylvania casino setback that "I'm not afraid" of buying the stock.