Jim Cramer's Stop Trading! Buy Sirius
Sirius
(SIRI) - Get Report
is going to $5 a share when the
XM Satellite
(XMSR)
merger gets approved, Jim Cramer said Monday on CNBC's Stop Trading! segment.
Cramer said he believes the deal will get approved this year in spite of the fact that the all-stock agreement "has been topic one for Congress" for months. Sirius traded recently at $3.60.
Cramer also said
Crocs
(CROX) - Get Report
is up 4% because of a huge short squeeze, though he still likes the stock in the long term.
At the time of publication, Cramer had no position in stocks mentioned.
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