"I expect it to bail me out of one of my worst stock picks ever," he said. NYSE needs to buy ICE to bail itself, as well as Cramer, out. ICE's derivatives trading services plug a big hole in NYSE's business. A merger would be "a marriage made in heaven," he said. "It would become a global powerhouse."
Coca-Cola Poised for Olympics Boost
If market players want to buy one beverage company, Coca-Cola (KO Quote) is the stock to own, Cramer told viewers. Under CEO Neville Isdell's leadership, Coca-Cola has managed to catch up to PepsiCo (PEP Quote), he said, and is now acquiring Glaceau. Coke's "massive" buyback and "incredible" yield give the company "great downside protection." Plus, it beat earnings by three cents per share and had 19.2% sales growth in the third quarter. Cramer said Coke has become "the great international beverage company" and sees 10 points of upside in the next year for the stock. When people see a quarter as good as Coke's, they have to go to the keeper of the number: the CFO. Cramer welcomed Coke's CFO Gary Fayard to the show and asked him if people could see a giant jump for Coke when the Olympics take place in China next year.- Loading Comments...
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