"Let's talk laggards and companies that have been trapped by the strike," Jim Cramer said on his TheStreet.com TV video Webcast Monday.
Cramer cited Goldman Sachs (GS Quote) and AIG (AIG Quote), two companies he owns for his Action Alerts PLUS charitable trust, as strike laggards that are now breaking out.
Despite "unbelievable" pressure on Goldman Sachs, the stock is now "free to romp," Cramer said. "In the last hour, I saw about 400,000 shares just trying to pin the stock. It was too good of a trade. Could 400,000 shares really be the difference? Yes, if it's relentless and it keeps knocking out the bid, which is what you do when you're making that trade," he said. The buyback usually comes in five days after, said Cramer, which would be tomorrow. He advised getting ahead of the buyback. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.41
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
Data delayed 20 minutes |
Connect with TheStreet