On Stockpickr Answers today and late yesterday, Jim Cramer responded to a new batch of questions posed by members of the Stockpickr community.
Anybody can ask, respond and comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section. Here are a few of the questions Jim responded to:
- I'm wondering what's a "high" short interest? Cramer was saying that MasterCard (MA) - Get Report had a big percentage of shorts, but when I look up the short interest, it's only 9%. Any thoughts?
- Any thoughts on materials play Zoltek (ZOLT) ? It's got a pretty straightforward business model with two types of carbon fiber products. I'll be digging through their filings, and if there is any weakness heading into next week -- I'm looking to make an entry. Thoughts?
- Did I read that right, on Friday an 868% spike in volume in Accenture (ACN) - Get Report with a UBS $49 price target? I think this was a good call. All of the Indian outsourcing companies have sold off recently with the appreciating currency. Infosys recently announced that it has plans to make a big acquisition this year. I think you have to like Satyam here with its $8.3 billion market cap, which could easily be integrated into INFY or WIT. This company has some great long-term contracts locked in, including Applied Materials and Oracle. My prediction is that we are going to see consolidation of these outsourcing firms. Satyam is a target. If you had to play the sector, what would be your pick?
- I asked you not to long ago about H&R Block (HRB) - Get Report. How far should we let this come in before we buy it, just for a trade on when and if it gets swooped up by either private equity or someone even better? Is this a trade or an investment?
- How can you say you don't like NYX (NYX) and like it at the same time? I know you hate Syntax Brillian( BRLC) mostly because you don't trust the CEO, but what's your overall take on the stock?
- Although you recommend that chipmakers and the like should not be bought until August, Silicon Labs (SLAB) - Get Report has held up well to the recent volatility. Thoughts on it now?
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
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