The satellite-radio stocks are a screaming buy, Jim Cramer said Wednesday on CNBC's Stop Trading! segment.
Cramer said he prefers Sirius (SIRI Quote), but he believes XM (XMSR Quote) is also worth owning in the wake of Monday's $4.57 billion merger plan. Cramer said he expects the Republican-controlled Federal Communications Commission to hold a "show trial" approving the deal, which Cramer said "would not pass muster" were the Democrats in control. Cramer said a merger will allow the combined company to raise prices and to stop wasting money by bidding against each other for on-air talent. "I just think it's great," he said. Cramer also likes Crocs (CROX Quote), saying the stock is down Wednesday only because "the shorts have to push this down" given their huge bets against the maker of plastic shoes. Cramer called the company's latest quarter "great" and said "licensing money was through the roof." He predicted shorts will be "crushed." Cramer really likes cyclical stocks such as Deere (DE Quote) and Terex (TEX Quote), which he likened to "dot-com stocks with real companies behind them" due to breakneck mutual fund buying. Cramer said deep-pocketed buyers will take Deere to $130 from a recent $116 and Terex to $100 from a recent $71.- Loading Comments...
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