Even with its 11% rally Friday,
has more room to run, Jim Cramer said on
"Stop Trading!" segment Friday.
Shares of the New York utility are up $4.01 to $40.19 after it confirmed earlier that it is discussing a combination with several parties. "Ever since the Public Utiilty Holding Act passed I've been expecting this to happen," Cramer said. "KeySpan is worth a whole lot more than it is already and I would still be a buyer here."
Regarding other news Friday, Cramer said
decision to close up to 700 stores is "so bullish for
," a company that analysts have missed.
is being unfairly punished for
guidance and called the stock a "favorite" at a recent quote of $40.26. "You can't buy enough of AMD."
Cramer was also bullish on
, citing strong prescription growth for Renagel last quarter due to Medicare reform.
, Cramer said the stock is being relentlessly hammered by shorts who will eventually be forced to "pay for their indiscretions at a higher price."
Cramer said the situation was the same at
, whose Anthopologie stores "have a good look" and whose numbers are "too low." The bears will be "unrequited."
At the time of publication, Jim Cramer had no positions in the stocks mentioned.
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