This column was originally published on RealMoney on April 5 at 11:14 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
We've got some levitation going on:
. The latter is hated but trades like it is about to make a big growth move -- I still don't think it will ever be acquired because of the trust ownership. The former could be, because there's some acceleration in earnings.
The real deal though is that these are bad-to-good stories. Hershey's a hated company with lots of downgrades in the low $50s. Now it is showing life. Coke got loved at $46 and it is only growing adherents. It was never really hated, but it has become a darling, particularly as people (wrongly) worry about
Gatorade and Frito-Lay divisions.
When these stocks get going, as anyone who has seen the levitation of
knows, they don't stop here. In the case of Coke, you are going to get a huge benefit from the declining dollar because the translation will be huge.
Despite the increases, I would still get long. Hershey will catch upgrades and Coke will get reiterations galore.
Simple group; nice moves.
Mitchell Gold from
didn't waste any time -- he sold 200,000 shares of stock April 2,
after that positive panel vote on Provenge! Ouch!
At the time of publication, Cramer had no positions in any of the stocks mentioned in this post.
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