Cramer's TheStreet.com TV Recap: Buyback Boost
"I think these are the easiest stocks to buy at year-end," Cramer said.
As for tech, Cramer predicted that these stocks will continue to rally through January. Despite some negative attention in the media with newspapers harping on mortgages, Cramer believes that the numbers are pretty much "what were expected in that business." He recommended taking advantage of the upcoming Fed-cutting by starting to buy some stocks. Don't expect any rallying for some time, though, he said. Cramer believes that Bank of America's (BAC Quote) CFO resignation and Citigroup's (C Quote) decline back under $50 means that "six weeks from now, you're going to have to buy the financial group when you hear about the Fed-cutting," Cramer said. Although stocks like these profited from buybacks, "what really moved them is the 4% yield, which will look very attractive when the Fed cuts its rates to 4% one year from now," he said.- Loading Comments...
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