Cramer's Take on Headline Stocks: March 23
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NEW YORK (
) -- Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is to gather as much information as you can in order to make the most informed investment decisions you can. As Jim Cramer (read an excerpt from his
) often reminds, investors must do their homework.
So what has Cramer had to say lately about today's headline-makers? At Stockpickr, we've combed through his recent
RealMoney
blog posts, "Mad Money" TV show recaps and "Stop Trading!" segments to find out
what he thinks about some of today's newsworthy stocks
.
Fannie Mae
(FNM)
: Fannie Mae and
Freddie Mac
(FRE)
Tuesday from Treasury Secretary Timothy Geithner's appearance before the House Financial Services Committee. Geithner attributed the failure of Fannie and Freddie to a "broader crisis that revealed structural flaws in the entire housing finance system."
On March 17 in his
RealMoney
blog,
that the only banks worse than the community banks were
Washington Mutual
, Fannie Mae and Freddie Mac. "WaMu was just awful. Fannie and Freddie were blessed by Congress, just like the community banks," he said.
On his March 16
, Cramer said that shares of Fannie and Freddie are currently worthless, unlike the don't-miss opportunities in stocks such
Citigroup
(C) - Get Report
at $4 a share.
General Electric
(GE) - Get Report
: General Electric hit a new
on Tuesday as
.
On March 15, in a post to his
RealMoney
blog,
:
"The stock market is saying, "We will take the data in front of us." It is an impressive array of data: commercial real estate improving (no new construction), credit losses coming down -- look at
Capital One's
(COF) - Get Report
data on credit cards just this very morning -- auto production ramping and aerospace going to come on strong.
Stockpickr: Who Owns GE?
Warren Buffett
Bruce Kovner
Dodge & Cox
|
"These kinds of good news mean a return to growth for the
Boeings
(BA) - Get Report
and the General Electrics and the Citigroups as well as tech players like
Cisco
(CSCO) - Get Report
,
EMC
(EMC)
,
Oracle
(ORCL) - Get Report
and
Microsoft
(MSFT) - Get Report
with corporate spending allowed to pick up. In this scenario, people must be working off the books like crazy and the headwinds to the economy from Washington might be invisible."
Corning
(GLW) - Get Report
: One of today's headlines, "
Corning Is Lightning Up New Markets,
" featured an interview with Senior Vice President Marty Curran.
In a March 10 post to his
RealMoney
blog,
:
"The
Best Buy
(BBY) - Get Report
upgrade's a big call from Goldman. And don't I know it. I pushed it ahead of last quarter and I got clobbered by the outlook, even as the number was good.
"This time, I think BBY has a lot to say. I make that judgment, because I look at Corning flying, and I hear lots of good things about 3D TV. Also I have to believe that home theatre might be coming back to life. You also feel emboldened after that number from
Gamestop
(GME) - Get Report
."
And on March 18,
: "I think we are now in a moment where, as I said yesterday, we need a down day. I wish we weren't going into this weekend with such a full head of steam. It is true that the Philly Fed,
Nike
(NKE) - Get Report
and
FedEx
(FDX) - Get Report
comments were all terrific, verifying, once again, that this economy is strong and getting stronger. I thought the same when I saw the excellent
Dupont
(DD) - Get Report
presentation on the web. I like the sold-out talk I am hearing about
Intel's
(INTC) - Get Report
products, as well as the Corning product tightness.".
(Editor's note: At the time of this publication, Cramer owned Goldman Sachs for his Action Alerts PLUS charitable trust.)
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For more of what Cramer's had to say lately about stocks in the news, check out the
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