Jim Cramer is liking his Cleveland-Cliffs (CLF) - Get Cleveland-Cliffs Inc Report call even more now with the stock in heavy takeover talk. Cramer discussed Cleveland-Cliffs on Stop Trading! on May 7, saying he liked the stock off the since-aborted deal between Alcan (AL) - Get Air Lease Corporation Class A Report and Alcoa (AA) - Get Alcoa Corp. Report. He said at the time that the stock is "finally working."
On Friday's show he said he was confident there'd be a deal soon, possibly within days. The stock was recently trading up nearly 7% to $75.66 in afternoon trading.
Cramer also discussed a report from UBS analyst Alexander Goldfarb that said apartment REITs could be the next attractive takeover area. The group has taken a hit on subprime fears, among other concerns. "We think it's unwarranted," he said. "The private market value remains firm. There's a lot of money out there looking for a home in property."
Some of the names here include
Essex Property Trust
At the time of publication, Cramer had no positions in stocks mentioned.
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