Cramer's TheStreet.com TV Recap: Year-End Buying
In other market news:
Cramer said he found it really interesting that some of the companies that reported earnings this week said the weak dollar had helped them in terms of the translation. He predicted this will be a common theme, and cited it as the reason he believes Altria(MO Quote), a stock he owns for his charitable trust, Action Alerts PLUS; Colgate(CL Quote); and Procter Gamble (PG Quote) are all too low. Cramer cited Toyota Motor(TM Quote), New York Stock Exchange(NYX Quote) and Goldman Sachs(GS Quote) -- all of which he own for his charitable trust, Action Alerts PLUS -- as names to focus on. He credited Goldman Sachs as a stock that can ramp as the window is still open to sell but the buyback can ramp. He said the company reported a great quarter and its stock is much cheaper than others. He said the New York Stock Exchange's merger with Euronext is going to be hugely positive, despite the fact that it lacks sponsorship. Cramer warned against buying any Ford(F Quote) upgrades, attributing the company's need to do more banking to CEO Alan Mulally. Between now and Friday, Cramer said he is looking at Sotheby's(BID Quote), as it seems cheap; Bank of America(BAC Quote), because of its recent good report; and especially Valassis Communications' (VCI Quote) merger with Advo(AD Quote). Cramer said this merger looks like it was done at the right price.- Loading Comments...
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