Jim Cramer's Stop Trading! LEND a Hand
eBay (EBAY Quote) is headed to $40 from a recent $32, Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.
Cramer said the company's plan to charge users of its Skype Internet calling service is huge. Meanwhile, investors have taken to overlooking this once-scorching Internet auction play. "eBay has gone from being a loved stock to being one people have forgotten about," Cramer said. Cramer said Apple (AAPL Quote) should ride sales of its iPod to $120 from a recent $88. He also said bears like Street Insight's Doug Kass have got this subprime lending business all wrong. Kass believes underwriting problems could fester and infect the rest of the economy, but Cramer contends that even a crisis in the group will ultimately be good for stocks because it will lead to Fed interest rate cuts. Cramer said he likes Accredited Home (LEND Quote) because mortgage applications are spiking. "They'll have a tough time for many months," Cramer said, but "they have a good model" and a "good core business."- Loading Comments...
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