The deal with North Fork, which closes Friday, has been hanging over Capital One like "a dark cloud," Cramer said.
But Friday the stock should be "unleashed" and go higher, he said. Moreover, in the second half of next year, Capital One should be doing a huge buyback to offset the dilution created by the North Fork deal, Cramer added. Finally, if the dollar keeps getting weaker, then there is a possibility that a "behemoth" bank could take interest in buying Capital One, he said.Accolade for an Analyst
Although there are some analysts who tend to be wrong and lose people money, there are others who are great at what they do, Cramer said. David Strasser, a retail analyst at Bank of America, is an example of an analyst who he believes market-players should heed. Listen to him and buy Lowe's (LOW Quote), Cramer said. "Most analysts will like a stock all the way down and hate it all the way up," he said. "They tend to be pretty useless. They give up because they can't take the pain anymore." This is what created the bottom in the homebuilders and the bottom in tech over the summer, Cramer said. When things look the most grim, analysts should tell you to buy, but instead they tell you to sell.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
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UP
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