Cramer's 'Mad Money' Recap: The Politics of Corn

Stock quotes in this article: C , AGU , MOS , GSOL , HYLS , GS , BBY , HPQ  

Plus, it trades at less than half its growth rate and is thus undervalued, he said.

Further, Cramer believes that it is a "reliable" company and is a "survivor," as there were hundreds of Internet-based business-to-business companies that ultimately failed.

Cramerica

Analyst Jonathan Cramer, who recently put out a report encouraging people to buy Best Buy (BBY Quote), knows what he's talking about, according to Cramer.

As market players tend to get "jittery about consumer spending" ahead of the quarter, the stock has gone down, he said. But Cramer believes that the best way to buy Best Buy is on weakness because it tends to bounce back.

"The long-term picture for the stock is good," he said. "Buy into weakness before it reports next week."

Moving on with his game plan, Cramer told viewers all the brokers report next week. Out of them he said Goldman Sachs (GS Quote), which he owns for his charitable trust, Action Alerts PLUS, is going to have a "great" quarter. However, Cramer said he is "a tad concerned" with this stock as it has gone up.

If Goldman gets hit, and particularly goes below $200, he advised people to buy it. If Goldman gets hit, Cramer also suggested buying smaller portions of Lehman Brothers (LEH Quote) and Bear Stearns (BSC Quote) ahead of their quarters.

Goldman closed at $205.10 Friday.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin




Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,226.94 1,093.07 2,154.06 34.86
Oil *
77.65
UP
203.52
UP
23.77
UP
41.62
DOWN
0.17
10 Yr
3.49%
SPDR Gold
108.19
+2.03%
+2.22%
+1.97%
-0.49%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services