Cramer's Wall St. Confidential: Intel's Outside
Further, he said he believes this is the retrenchment the market has been waiting for. Cramer said he liked these stocks in September, after which all the analysts got on board. Now he only likes KB Home, but believes it can still be sold here.
When Task asked whether Monday's news that General Electric (GE Quote) is buying an aerospace company could be considered a call by GE on the aerospace business, Cramer said he believes GE wants to dominate the aerospace business. But Cramer pointed out that GE is also making a huge energy bet (a recent purchase of oil-equipment outfit Vetco Gray), which he believes is a more important bet than aerospace. "I would love to buy the stock not only on its P/E basis, which is high, but on its bet on oil," Cramer said.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,197.47 | 1,087.24 | 2,149.02 | 34.46 |
Oil *
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DOWN
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DOWN
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