RealMoney Radio: Do Buy Adobe
Anyone who's used Adobe Systems(ADBE Quote) products knows that it's one of the classic companies that they need," Jim Cramer told a caller on his "RealMoney" radio show Monday.
"There's a lot of sophisticated new stuff" the company is coming up with, and it's "just now beginning a stream of absolutely terrific new products" that will contribute to earnings going forward, Cramer said. Cramer believes that Adobe is undervalued and that the stock is still cheap. He expects it to continue to move higher than the $37.73 the company is trading at midday Monday. Cramer was also positive on Scientific Games(SGMS Quote) because it's the leading online lottery company in the world. Cramer told another caller who said he's in the "house of pain" after shorting Research In Motion(RIMM Quote) that he wouldn't be surprised if the stock added 20 points. Cramer would own the stock even at its 52-week high of almost $113. To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.- Loading Comments...
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