"When OPEC didn't cut, everyone thought oil would open down $10, down $7," said Jim Cramer on CNBC's "Stop Trading!" segment on Monday. "It opened down a couple of bucks, and then reversed. This is a sign of global strength."
Last week, Cramer said that JPMorgan(JPM Quote) was going higher and that if it broke into the $20s, "the rally might have legs." The stock was recently trading at about $24.20. Cramer said that betting against CEO Jamie Dimon "has always been foolish, always, and it will be foolish again."
"There's just so much excitement about Cisco(CSCO Quote) vs. Hewlett-Packard(HPQ Quote)," said Cramer, both of which he owns for his Action Alerts PLUS charitable trust. "A lot of the underlying current is where would VMware(VMW Quote) be best."
Cramer said that Vmware eventually "has to be a sought-after product for these two" and that investors should keep their eyes on VMware and EMC(EMC Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
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