Cramer's TheStreet.com TV
RealMoney Radio Recap: Election Fright
"The Street lost faith in these guys and decided that the bid for Disney (DIS) was just some sort of desperate gambit to grow when growth was tapped," he said.
Comcast went through a period where it had to hear how it was being beaten by Verizon (VZ) and EchoStar (DISH), Cramer went on to say. "They were considered buffoons for trying to make a plain old cable business into a real growth story," he said. But now, it must be "sweet" to work there. The triple play, technology and service are all driving the stock, and "the growth of Adelphia is ahead of them," Cramer said. It is not too late to get into Comcast, he added. "There's too much growth ahead, too much profitability and too much belief." "The future is so bright." Every week readers of TheStreet.com vote on the stock they most want Cramer to talk about. This week's "Cramer on Demand" stock was Norfolk Southern (NSC). The company reported a "very good" quarter on Wednesday, he said. But the stock has moved up too much, and Cramer only recommended pulling the trigger on a pullback.Cramer's Callers
As Black & Decker (BDK) reported a good quarter today, Fortune Brands (FO) should as well, Cramer told a caller. "I believe Fortune Brands is going higher," he said. Responding to another caller, Cramer said he did not agree with a recent downgrade issued to Arena Pharmaceuticals (ARNA). People should be in this stock for its cancer and obesity drug, as "near-term earnings have never been an issue for biotech stocks," he said. "When you see this type of decline in such a stock, you must pile up on it," Cramer advised. Chipotle (CMG) is "here to stay and is very well run," he told his next caller. In regard to Lennar (LEN), Cramer told a caller it is a "great homebuilder." But because it's had a big run, Cramer advised taking a little off the table and allowing the rest to run. Cramer told another listener he "vastly prefers" Goldman Sachs (GS), which he owns for his charitable trust, Action Alerts PLUS, to Wells Fargo (WFC).TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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