Jim Cramer's Stop Trading!: KeySpan Unlocked

He also likes Genzyme, Energy Conversion, Urban Outfitters, AMD and Best Buy.
Publish date:

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

Best Buy

(BBY) - Get Report

," a company that analysts have missed.

He said

Advance Micro

(AMD) - Get Report

is being unfairly punished for


(DELL) - Get Report

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.


Energy Conversion


, 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

Urban Outfitters

(URBN) - Get Report

, 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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